Health Research Alliance Inc

Analysis

Health Research Alliance Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2006, 20 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, Health Research Alliance Inc reported income of $584k and spending of $709k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $543k to $584k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Research Alliance Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Childerguild ($583k), Family Hope House Inc ($584k) and Arcanum Community Rescue Squad Inc ($583k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $450k (63% of expenses). Other salaries and wages came to $5,047. At year end it held assets of $819k against liabilities of $38k, net assets of $782k. It reported 3 employees.