Allen Health Systems Inc

Analysis

Allen Health Systems Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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 December 2023, Allen Health Systems Inc reported income of $6.9m and spending of $2.6m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $6.9m (+139%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 153%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allen Health Systems Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include The Episcopal School of Knoxville Inc ($6.9m), Alcott School ($6.9m) and Habitat for Humanity International Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $73.5m against liabilities of $51.4m, net assets of $22.1m.