Hikma Health Inc

Analysis

Hikma Health Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. 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, Hikma Health Inc reported income of $70k and spending of $54k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $274k to $70k (-74%), an average of -49% a year. The sharpest change came in the year to December 2022, when income dropped by 80%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hikma Health Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include PTA North Carolina Congress ($70k), Lawrence County Historical Society Inc ($70k) and Queen Annes County Mental Health Committee Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.