Global Healthcare Innovation Alliance Accelerator

Analysis

Global Healthcare Innovation Alliance Accelerator is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2017, 9 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, Global Healthcare Innovation Alliance Accelerator reported income of $413k and spending of $486k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $413k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Global Healthcare Innovation Alliance Accelerator sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Northwest Arkansas Crisis Intervention Center ($413k), Hope Fort Bend Clubhouse ($413k) and Reid Memorial Hospital Auxiliary ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $127k (26% of expenses). Other salaries and wages came to $60k. At year end it held assets of $251k against liabilities of $97k, net assets of $154k. It reported 2 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.