Business for Health Solutions Inc

Analysis

Business for Health Solutions Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2022, 4 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, Business for Health Solutions Inc reported income of $1.3m and spending of $703k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $561k to $1.3m (+125%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Business for Health Solutions Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Care Net Pregnancy Center of Milwaukee Inc ($1.3m), Malama Pono Health Services ($1.3m) and Society for Epidemologic Research ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $243k (35% of expenses). Other salaries and wages came to $220k. At year end it held assets of $765k against liabilities of $143k, net assets of $623k. It reported 1 employees.