Healthaccess Inc

Analysis

Healthaccess Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in April 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Healthaccess Inc reported income of $10.7m and spending of $18.2m, spending 170% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $11.6m to $10.7m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to September 2020, when income rose by 66%. Over the whole period it spent 151% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthaccess Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Child Poverty Action Lab ($10.7m), Special Olympics New York Inc ($10.7m) and YMCA of Foothills ($10.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $10.3m. At year end it held assets of $7.5m against liabilities of $6.6m, net assets of $964k. It reported 219 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.