Health Equipment Loan Program

Analysis

Health Equipment Loan Program is a registered charity in United States, based in Churchville, VA. It received its IRS tax-exemption ruling in August 2020, 6 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, Health Equipment Loan Program reported income of $50k and spending of $18k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $53k to $50k (-5.5%), an average of -5.5% a year. Over the whole period it spent 33% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Equipment Loan Program sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Mho Research Foundation Inc ($50k), Danny Fund Inc ($50k) and Run Freely ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.