Healthcare in Action Inc

Analysis

Healthcare in Action Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthcare in Action Inc reported income of $14.8m and spending of $14.7m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.0m to $14.8m (+628%), an average of +170% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare in Action Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Alleghany County Memorial Hospital Inc ($14.8m), Triad Adult and Pediatric Medicine Inc ($14.8m) and Friendship Health Center Inc ($14.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $867k (5.9% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $4.7m against liabilities of $2.3m, net assets of $2.3m. It reported 126 employees.