Healthcare Innovations Network Inc

Analysis

Healthcare Innovations Network Inc is a registered charity in United States, based in Mentone, CA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Healthcare Innovations Network Inc reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $975k to $1.2m (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healthcare Innovations Network Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Northside Youth and Senior Service Center Inc ($1.2m), Ivy Academy of Early Learning II Inc ($1.2m) and St Vincent de Paul Society of Lake Mills ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (9.4% of expenses). Other salaries and wages came to $399k. At year end it held assets of $255k against liabilities of $39k, net assets of $216k. It reported 19 employees.