Healthfirst Bluegrass Inc

Analysis

Healthfirst Bluegrass Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthfirst Bluegrass Inc reported income of $34.9m and spending of $32.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.0m to $34.9m (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 30%. 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, Healthfirst Bluegrass Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Damian Family Care Centers Inc ($34.9m), North Central Texas Community Health Care Center Inc ($35.0m) and Treasure Coast Community Health Inc ($34.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $484k (1.5% of expenses). Other salaries and wages came to $17.6m. At year end it held assets of $37.7m against liabilities of $8.0m, net assets of $29.8m. It reported 401 employees.