Prototype Health Inc

Analysis

Prototype Health Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in November 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Prototype Health Inc reported income of $249k and spending of $392k, spending 157% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $249k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 157% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prototype Health Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within AZ. Charities of a similar size with the same main cause include Great Grand Nachas and More Inc ($249k), Putnam First Cancer Fund Inc ($249k) and Texas Indo American Physician Society Northeast Chapter ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $78k (20% of expenses). Other salaries and wages came to $105k. At year end it held assets of $58k against liabilities of $332k, net assets of -$273k. It reported 8 employees.