The Health Source Group

Analysis

The Health Source Group is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1983, 43 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 June 2023, The Health Source Group reported income of $381k and spending of $0, leaving 100% of income unspent that year. The sharpest change came in the year to June 2022, when income rose by 792%. Over the whole period it spent 3.6% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Health Source Group sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Cure RTD Foundation ($381k), Mercy Hospital Auxiliary Inc ($381k) and House in the Woods Military and Family Retreat ($380k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.