Healthnet Aeromedical Services Inc

Analysis

Healthnet Aeromedical Services Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Healthnet Aeromedical Services Inc reported income of $48.0m and spending of $48.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.8m to $48.0m (+27%), an average of +6.2% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthnet Aeromedical Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Five Rivers Health Centers ($47.9m), American Foundation for Suicide Prevention ($48.0m) and Fort Loudoun Medical Center ($47.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $402k (0.8% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $43.3m against liabilities of $43.3m, net assets of $30k. It reported 354 employees.