Health Cubed Inc

Analysis

Health Cubed Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Cubed Inc reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $950k to $2.3m (+140%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 140%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Health Cubed Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include College for Social Innovation Inc ($2.3m), Ralston House ($2.3m) and Southern California Minority Supplier Development Council Inc ($2.3m).

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 $801k. At year end it held assets of $579k against liabilities of $467k, net assets of $112k. It reported 10 employees.