Health Equity Solutions Inc

Analysis

Health Equity Solutions Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 2016, 10 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, Health Equity Solutions Inc reported income of $1.3m and spending of $1.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $734k to $1.3m (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Equity Solutions Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Pharos Global Health Advisors Ltd ($1.3m), Birmingham Healthy Start Plus Inc ($1.3m) and Adolescent Oasis Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $165k (11% of expenses). Other salaries and wages came to $655k. It paid $17k in professional fundraising fees. At year end it held assets of $870k against liabilities of $266k, net assets of $604k. It reported 16 employees.