Healthcare Anchor Network Inc

Analysis

Healthcare Anchor Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2021, 5 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, Healthcare Anchor Network Inc reported income of $5.2m and spending of $3.2m, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $4.8m to $5.2m (+9.3%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Anchor Network Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Christian Health Associates ($5.2m), Colorado Community Managed Care Network ($5.2m) and Maryland Community Health Initiatives ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $454k (14% of expenses). Other salaries and wages came to $791k. At year end it held assets of $7.7m against liabilities of $145k, net assets of $7.5m. It reported 18 employees.