Institute for Healthcare Optimization Inc

Analysis

Institute for Healthcare Optimization Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Institute for Healthcare Optimization Inc reported income of $1.0m and spending of $1.2m, spending 115% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $912k to $1.0m (+15%), an average of +3.6% a year. The sharpest change came in the year to April 2020, when income rose by 83%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute for Healthcare Optimization Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Oklahoma Heart Hospital Research Foundation ($1.0m), Capital Health Medical Group-East Trenton Pa ($1.0m) and Impact Melanoma Inc ($1.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $762k (63% of expenses). Other salaries and wages came to $201k. At year end it held assets of $954k against liabilities of $1.1m, net assets of -$129k. It reported 5 employees.