Healthelink Inc

Analysis

Healthelink Inc is a registered charity in United States, based in Depew, NY. It received its IRS tax-exemption ruling in February 2009, 17 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 (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 2022, Healthelink Inc reported income of $12.2m and spending of $11.3m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $9.9m to $12.2m (+23%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthelink 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 94th percentile within NY. Charities of a similar size with the same main cause include United States Health & Housing Foundation Inc ($12.2m), Mary Health of the Sick Convalescent & Nursing Hospital in ($12.2m) and Agape Community Health Center Inc ($12.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $806k (7.1% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $12.8m against liabilities of $2.1m, net assets of $10.7m. It reported 73 employees.