Center for Global Health Innovation Inc

Analysis

Center for Global Health Innovation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1989, 37 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 December 2023, Center for Global Health Innovation Inc reported income of $2.7m and spending of $3.8m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $986k to $2.7m (+173%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 251%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Global Health Innovation Inc 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 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Muslim Community and Health ($2.7m), Virginia Child Care Resource and Refferal Network ($2.7m) and Suffolk Christian Academy ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $131k (3.5% of expenses). Other salaries and wages came to $393k. At year end it held assets of $33.6m against liabilities of $38.5m, net assets of -$4.9m. It reported 6 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.