Health Scholarships Inc

Analysis

Health Scholarships Inc is a registered charity in United States, based in Gray, GA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Health Scholarships Inc reported income of $208.5m and spending of $230.3m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $251.0m to $208.5m (-17%), an average of -4.5% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Health Scholarships Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include The Cedarville University ($206.7m), Rutgers University Foundation ($208.6m) and A T Still University of Health Sciences ($206.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $108.3m. At year end it held assets of $75.8m against liabilities of $46.6m, net assets of $29.2m. It reported 4,544 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.