Healthnet Foundation Inc

Analysis

Healthnet Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2019, 7 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 2023, Healthnet Foundation Inc reported income of $167k and spending of $222k, spending 133% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $203k to $167k (-18%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthnet Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Isabella Health Foundation Inc ($167k), Courage to Caregivers Inc ($167k) and Pregnancy Care Center of Aroostook County ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% of the total. It paid $170 in professional fundraising fees. At year end it held assets of $536k against liabilities of $346k, net assets of $190k.