H-Cap Education Association Inc

Analysis

H-Cap Education Association Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 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, H-Cap Education Association Inc reported income of $911k and spending of $264k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $598k to $911k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 569%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, H-Cap Education Association Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include American Academy of Home Care Medicine Inc ($911k), Foundation for Dermatology Education ($911k) and Brainfutures Incorporated ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $895k against liabilities of $5,997, net assets of $889k.