Healthix Inc

Analysis

Healthix Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthix Inc reported income of $25.0m and spending of $24.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.6m to $25.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthix Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Opportunity Finance Network ($25.0m), Arc of New Jersey Inc ($25.0m) and Astra Mental Health and Recovery Inc ($25.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $3.4m (14% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $26.5m against liabilities of $5.6m, net assets of $21.0m. It reported 93 employees.