Health Access Fund

Analysis

Health Access Fund is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in May 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, Health Access Fund reported income of $960k and spending of $3.1m, spending 325% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $6.3m to $960k (-85%), an average of -85% a year. The sharpest change came in the year to December 2023, when income dropped by 85%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Access Fund sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include International Foot & Ankle Foundation for Edu & Research ($960k), Valley Girls and Guys ($960k) and Angiogenesis Foundation Inc ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $192k (6.1% of expenses). At year end it held assets of $3.6m against liabilities of $89k, net assets of $3.5m. It reported 1 employees.