Health Tech Alley

Analysis

Health Tech Alley is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in February 2023, 3 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 (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 Tech Alley reported income of $339k and spending of $271k, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $50k to $339k (+577%), an average of +89% a year. The sharpest change came in the year to December 2022, when income rose by 615%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Tech Alley sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Artz Philadelphia ($339k), Countryside Christian Community ($339k) and Come to Him Ministries ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $96k. At year end it held assets of $126k against liabilities of -$4,328, net assets of $131k. It reported 3 employees.