Exalta Health

Analysis

Exalta Health is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in May 1996, 30 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 September 2023, Exalta Health reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.0m (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Exalta Health sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Central Valley Health Network Inc ($2.0m), Promise Fund of Florida Inc ($2.0m) and Journey Forward Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 25% of the total. Other salaries and wages came to $907k. At year end it held assets of $972k against liabilities of $88k, net assets of $884k. It reported 29 employees.