Health Research and Educational Trust

Analysis

Health Research and Educational Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1960, 66 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Health Research and Educational Trust reported income of $10.2m and spending of $12.2m, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $34.9m to $10.2m (-71%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 69%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Research and Educational Trust sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Provident Inc ($10.2m), Helping Hands Wellness Center Kalamazoo ($10.2m) and Cure Childhood Cancer Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 9.9% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $16.0m against liabilities of $1.5m, net assets of $14.5m. It reported 39 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.