Preventum Initiative Inc

Analysis

Preventum Initiative Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 2018, 8 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 2021, Preventum Initiative Inc reported income of $51k and spending of $78k, spending 154% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $236k to $51k (-78%), an average of -54% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Preventum Initiative Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Leave a Legacy Foundation ($51k), National Association of Health Coordinators ($51k) and Manitos Inc ($51k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 9.8% and program service revenue 90% of the total. At year end it held assets of $5,085 against liabilities of $1,114, net assets of $3,971.