MW Healthcare Inc

Analysis

MW Healthcare Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, MW Healthcare Inc reported income of $2.1m and spending of $3.6m, spending 171% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $572k to $2.1m (+269%), an average of +39% a year. The sharpest change came in the year to September 2023, when income rose by 131%. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MW Healthcare Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Chicago Architecture Biennial Inc ($2.1m), Gualala Community Center ($2.1m) and Connecting Ties Inc ($2.1m).

Compensation of current officers, directors and key employees was $186k (5.1% of expenses). At year end it held assets of $18.5m against liabilities of $76k, net assets of $18.4m.