Health Education Monetary Assistance Trust

Analysis

Health Education Monetary Assistance Trust is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Education Monetary Assistance Trust reported income of $125k and spending of $112k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $125k (+165%), an average of +165% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Health Education Monetary Assistance Trust 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 43rd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Birdseed Inc ($125k), Martin Luther King Jr Breakfast Committee Inc ($126k) and KB Charitable TR ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.