Health Information Alliance Inc

Analysis

Health Information Alliance Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 September 2023, Health Information Alliance Inc reported income of $7.6m and spending of $6.8m, spending 90% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $367k to $7.6m (+1966%), an average of +174% a year. The sharpest change came in the year to September 2021, when income rose by 3205%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Information Alliance Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Buffalo River Services Inc ($7.6m), Invision Human Services ($7.6m) and Preventative Care Health Services Inc ($7.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $694k (10% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.3m against liabilities of $1.3m, net assets of $6.1m. It reported 2 employees.