Healthcare Ready

Analysis

Healthcare Ready is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 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 December 2023, Healthcare Ready reported income of $1.5m and spending of $2.0m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.5m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 224%. 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, Healthcare Ready sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Carolina Meadows Home Care Inc ($1.5m), Institute for Mental Health Research ($1.5m) and Albert Lea Healthcare Coalition ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $245k (12% of expenses). Other salaries and wages came to $902k. At year end it held assets of $1.5m against liabilities of $19k, net assets of $1.5m. It reported 17 employees.