Healthcaretn

Analysis

Healthcaretn is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 December 2023, Healthcaretn reported income of $773k and spending of $798k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $445k to $773k (+74%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcaretn sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Houses for Healing Inc ($773k), National Neurotrauma Society Inc ($773k) and Kalamazoo County Medical Control Authority ($773k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $441k (55% of expenses). Other salaries and wages came to $138k. At year end it held assets of $1.7m against liabilities of $200k, net assets of $1.5m. It reported 7 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.