Healthconnect Texas

Analysis

Healthconnect Texas is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 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 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 December 2023, Healthconnect Texas reported income of $6.5m and spending of $5.0m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $6.5m (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthconnect Texas sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Professional Home Care Inc ($6.5m), Healthcore Clinic Inc ($6.5m) and Ohio Eastern Star Health Care Center Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $526k (10% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.6m against liabilities of $1.8m, net assets of $3.8m. It reported 19 employees.