Foundation for Health Leadership and Innovation Incorporated

Analysis

Foundation for Health Leadership and Innovation Incorporated is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, Foundation for Health Leadership and Innovation Incorporated reported income of $12.7m and spending of $11.0m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.9m to $12.7m (+43%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Health Leadership and Innovation Incorporated 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 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Community Action Agency of St Louis County Inc ($12.7m), Rise Preparatory Charter School Inc ($12.7m) and The Wallace Medical Concern ($12.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $345k (3.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $14.7m against liabilities of $2.2m, net assets of $12.4m. It reported 27 employees.