Center for Health Innovation

Analysis

Center for Health Innovation is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Center for Health Innovation reported income of $5.2m and spending of $5.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $5.2m (+229%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Health Innovation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within NM. Charities of a similar size with the same main cause include Soleil Academy Inc ($5.2m), Alumni Association of the University of Mississippi ($5.2m) and American Academy of Innovation ($5.2m).

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 $138k (2.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $343k.