Health Finance Institute

Analysis

Health Finance Institute is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 Finance Institute reported income of $309k and spending of $719k, spending 232% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.2m to $309k (-90%), an average of -54% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Finance Institute sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Advanced Care II Inc ($309k), Columbia Gorge Pregnancy Resource ($309k) and Harbor Ministries Life Training Center Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $202k (28% of expenses). Other salaries and wages came to $64k. At year end it held assets of $133k against liabilities of $66k, net assets of $67k. It reported 2 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.