Virginia Health Catalyst

Analysis

Virginia Health Catalyst is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. 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, Virginia Health Catalyst reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $705k to $1.7m (+143%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Health Catalyst sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Friends of Dxe ($1.7m), Thunder Fellows Foundation ($1.7m) and Construction Industry Laborers Training Fund ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $160k (10% of expenses). Other salaries and wages came to $627k. At year end it held assets of $1.6m against liabilities of $110k, net assets of $1.5m. It reported 17 employees.