Health Partners Initiative

Analysis

Health Partners Initiative is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2023, Health Partners Initiative reported income of $2.0m and spending of $1.7m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $952k to $2.0m (+114%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 48%. 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, Health Partners Initiative 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 86th percentile, and in the 86th percentile within NE. Charities of a similar size with the same main cause include Institute for Human Identity Inc ($2.0m), Star of Hope Ministries Inc ($2.0m) and Trinity Education Center Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $116k (6.9% of expenses). Other salaries and wages came to $568k. At year end it held assets of $880k against liabilities of $180k, net assets of $700k. It reported 34 employees.