The Healthcare Connection Inc

Analysis

The Healthcare Connection Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 1975, 51 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Healthcare Connection Inc reported income of $12.2m and spending of $13.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $12.2m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Healthcare Connection Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Franciscan Life Center Network Incorporated ($12.2m), Roy Maas Youth Alternatives Inc ($12.2m) and Lankenau Institute for Medical Research ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $688k (5.1% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $10.7m against liabilities of $3.7m, net assets of $7.0m. It reported 175 employees.