Phenome Health

Analysis

Phenome Health is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover medical research, 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, Phenome Health reported income of $3.7m and spending of $3.0m, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.1m to $3.7m (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phenome Health sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Rainbow Services Inc ($3.7m), Suwannee River Area Health Education Center Inc ($3.7m) and Fighting Back Santa Maria Valley ($3.7m).

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 $721k (24% of expenses). Other salaries and wages came to $365k. It paid $3,632 in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $129k, net assets of $1.5m. It reported 8 employees.