Healthy Waltham Inc

Analysis

Healthy Waltham Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in July 2013, 13 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, Healthy Waltham Inc reported income of $3.3m and spending of $3.4m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $440k to $3.3m (+645%), an average of +95% a year. The sharpest change came in the year to June 2022, when income rose by 502%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthy Waltham Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Innovations Family Wellness ($3.3m), Community Psychiatric Institute ($3.3m) and Star of the Sea Foundation Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (1.6% of expenses). Other salaries and wages came to $149k. At year end it held assets of $1.4m against liabilities of $537k, net assets of $834k. It reported 7 employees.