Solutionhealth

Analysis

Solutionhealth is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Solutionhealth reported income of $139.5m and spending of $141.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $139.5m (+4032%), an average of +154% a year. The sharpest change came in the year to June 2020, when income rose by 527%. 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, Solutionhealth sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within NH. Charities of a similar size with the same main cause include Omni Family Health ($139.0m), Mary Rutan Hospital ($139.6m) and JWCH Institute Inc ($138.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.8m (1.3% of expenses). Other salaries and wages came to $67.8m. At year end it held assets of $52.3m against liabilities of $25.2m, net assets of $27.1m. It reported 1,073 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.