Health Quality Innovators

Analysis

Health Quality Innovators is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1985, 41 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 September 2023, Health Quality Innovators reported income of $16.4m and spending of $12.4m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.4m to $16.4m (+58%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Quality Innovators sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Rincon Family Services ($16.4m), Easter Seals Tennessee Inc ($16.4m) and Opelousas General Health System Physician Practices ($16.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $935k (7.5% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $20.4m against liabilities of $1.7m, net assets of $18.7m. It reported 80 employees.