504healthnet

Analysis

504healthnet is a registered charity in United States, based in Metairie, LA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 504healthnet reported income of $396k and spending of $337k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $685k to $396k (-42%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 504healthnet sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Womens General Aux of the Twin Citi Unit Shriners Hospital CRPPLD CHLD ($396k), Seymour Pink Inc ($396k) and Serenity Consultants Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $91k (27% of expenses). Other salaries and wages came to $59k. At year end it held assets of $280k against liabilities of $9,020, net assets of $271k. It reported 3 employees.