Impact Health Sharing Inc

Analysis

Impact Health Sharing Inc is a registered charity in United States, based in Davie, FL. It received its IRS tax-exemption ruling in January 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Impact Health Sharing Inc reported income of $10.0m and spending of $10.3m, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.2m to $10.0m (+361%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Impact Health Sharing Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Mercy Hospital Tishomingo Inc ($10.0m), Clinical and Laboratory Standards Institute ($10.0m) and Renewal Treatment Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $234k (2.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.7m against liabilities of $7.4m, net assets of -$5.7m. It reported 22 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.