Multicultural Health Institute

Analysis

Multicultural Health Institute is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Multicultural Health Institute reported income of $174k and spending of $211k, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $297k to $174k (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Multicultural Health Institute sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Greater Detroit Agency for the Blind and Visually Impaired ($174k), Peachtree Farm Inc ($174k) and Ihe International Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $4,308, net assets of $16k.