Health Initiative Inc

Analysis

Health Initiative Inc is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in November 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 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, Health Initiative Inc reported income of $7.8m and spending of $3.3m, leaving 57% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $761k to $7.8m (+924%), an average of +59% a year. The sharpest change came in the year to December 2019, when income rose by 270%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Initiative Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Foothills Community Health Care ($7.8m), Florida Association of Community Health Centers ($7.8m) and Baptist Hospitals Foundation Inc ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $1.0m (31% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $15.2m against liabilities of $827k, net assets of $14.4m. It reported 13 employees.