Xleratehealth Non-Profit Inc

Analysis

Xleratehealth Non-Profit Inc is a registered charity in United States, based in Crestwood, KY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Xleratehealth Non-Profit Inc reported income of $602k and spending of $131k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $885k to $602k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2023, when income rose by 1105%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Xleratehealth Non-Profit Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Greater Ny Foundation ($602k), Afrithrive Inc ($603k) and Starter Studio FL Inc ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (84% of expenses). At year end it held assets of $645k against liabilities of $221k, net assets of $424k.