Hippocrates Health Institute Inc

Analysis

Hippocrates Health Institute Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in April 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Hippocrates Health Institute Inc reported income of $14.9m and spending of $15.8m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $18.7m to $14.9m (-20%), an average of -7.2% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hippocrates Health Institute Inc 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 FL. Charities of a similar size with the same main cause include Mid Sioux Opportunity Inc ($14.9m), Memorial Assistance Ministries Inc ($14.9m) and Young Mens Christian Association of East Tennessee Inc ($14.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.6m (10% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $41.6m against liabilities of $8.2m, net assets of $33.4m. It reported 137 employees.