Health Care Network Inc

Analysis

Health Care Network Inc is a registered charity in United States, based in Racine, WI. It received its IRS tax-exemption ruling in August 1988, 38 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 June 2023, Health Care Network Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Care Network Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Westmoreland Hospital Foundation ($1.3m), Old Dominion Emergency Medical Services Alliance Inc ($1.3m) and The Pregnancy Network Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $121k (10% of expenses). Other salaries and wages came to $628k. At year end it held assets of $5.5m against liabilities of $592k, net assets of $4.9m. It reported 23 employees.