Independent Health Network Inc

Analysis

Independent Health Network Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in July 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Health Network Inc reported income of $449k and spending of $439k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $449k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Independent Health Network Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Quabbin Healthcare Inc ($449k), Anam Cara Giving ($449k) and Fair Share Support Services ($449k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $414k against liabilities of $27k, net assets of $386k.