Institute for Healthcare Advancement

Analysis

Institute for Healthcare Advancement is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in August 2016, 10 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 (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, Institute for Healthcare Advancement reported income of $3.0m and spending of $5.4m, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $3.0m (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income rose by 605%. Over the whole period it spent 146% 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 Advancement sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Next Step Foundation Inc ($3.0m), Compassion Health Toledo ($3.0m) and Global Surgical Initiatives Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $1.6m (30% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $23.7m against liabilities of $887k, net assets of $22.8m. It reported 22 employees.