Community Healthnet Inc

Analysis

Community Healthnet Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Community Healthnet Inc reported income of $12.0m and spending of $12.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $12.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Healthnet Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Wallowa Valley Center for Wellness ($12.0m), Bishop Wicke Health and Rehabilitation Center Inc ($12.0m) and St John Vianney Center ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $287k (2.3% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $9.9m against liabilities of $6.5m, net assets of $3.4m. It reported 22 employees.