Catholic Health Initiatives National Foundation

Analysis

Catholic Health Initiatives National Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Health Initiatives National Foundation reported income of $426k and spending of $545k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $398k to $426k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 142%. Over the whole period it spent 226% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catholic Health Initiatives National Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within AZ. Charities of a similar size with the same main cause include Blue River Housing ($426k), Wellness Studios Inc ($426k) and Friends of Asha USA Inc ($426k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.6m against liabilities of $2.2m, net assets of $432k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.