Healthlinc Inc

Analysis

Healthlinc Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in February 2004, 22 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, Healthlinc Inc reported income of $69.9m and spending of $66.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.8m to $69.9m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthlinc Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Presbyterian Community Hospital Inc ($69.6m), Give Kids the World Inc ($70.2m) and Augustana Care ($69.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $2.4m (3.6% of expenses). At year end it held assets of $60.2m against liabilities of $19.3m, net assets of $40.9m. It reported 642 employees.