Community Health Initiatives Inc

Analysis

Community Health Initiatives Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Health Initiatives Inc reported income of $6.1m and spending of $6.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $6.1m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Health Initiatives Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include St John Kronstadt Home for Aged Russian Americans ($6.1m), Catholic Health Initiatives Virtual Health Services ($6.1m) and Blair County Drug and Alcohol Program Incorporated ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $291k (4.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $10.4m against liabilities of $6.8m, net assets of $3.6m. It reported 53 employees.