Healthmpowers Inc

Analysis

Healthmpowers Inc is a registered charity in United States, based in Peachtree Cor, GA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Healthmpowers Inc reported income of $5.3m and spending of $5.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $5.3m (-4.9%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Healthmpowers Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Kings Christian Academy ($5.3m), Live Oak Classical School Inc ($5.3m) and Free Lutheran Theological Seminary Corporation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $167k (3.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.0m against liabilities of $1.6m, net assets of $3.3m. It reported 51 employees.