Catholic Health Initiatives Virtual Health Services

Analysis

Catholic Health Initiatives Virtual Health Services is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Catholic Health Initiatives Virtual Health Services reported income of $6.1m and spending of $6.4m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.1m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catholic Health Initiatives Virtual Health Services sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Community Health Initiatives Inc ($6.1m), Louisiana Primary Care Association Inc ($6.1m) and St John Kronstadt Home for Aged Russian Americans ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 79% of the total. At year end it held assets of $22.6m against liabilities of $44.2m, net assets of -$21.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.