Health Development Corporation

Analysis

Health Development Corporation is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in February 1991, 35 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, Health Development Corporation reported income of $215k and spending of $541k, spending 251% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $215k (-95%), an average of -53% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Connecticut Association of School- Based Health Centers ($215k), Pregnancy Center of Champaign County Inc ($215k) and Venango County Association for the Blind ($215k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $562k.