Healthcare Access Maryland Inc

Analysis

Healthcare Access Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1998, 28 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 June 2023, Healthcare Access Maryland Inc reported income of $18.1m and spending of $18.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.0m to $18.1m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 30%. 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, Healthcare Access Maryland Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Tufts Medicine Inc ($18.1m), Iroquois Nursing Home Inc ($18.1m) and Mirmont Alcohol Rehabilitation Center ($18.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $433k (2.3% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $8.3m against liabilities of $5.0m, net assets of $3.3m. It reported 304 employees.