Healthcare Education Research and Innovation Foundation Ltd

Analysis

Healthcare Education Research and Innovation Foundation Ltd is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in January 2023, 3 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, Healthcare Education Research and Innovation Foundation Ltd reported income of $203k and spending of $198k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.2m to $203k (-84%), an average of -84% a year. The sharpest change came in the year to December 2023, when income dropped by 84%. Over the whole period it spent 14% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Education Research and Innovation Foundation Ltd sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Charleston Recovery Center ($203k), Elijah J Auxier Foundation ($203k) and Grin2b Foundation ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $60k (30% of expenses). Other salaries and wages came to $4,577. At year end it held assets of $1.3m against liabilities of $40k, net assets of $1.2m. It reported 1 employees.