Health Industry Collaboration Effort of California

Analysis

Health Industry Collaboration Effort of California is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Health Industry Collaboration Effort of California reported income of $935k and spending of $781k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $596k to $935k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Health Industry Collaboration Effort of California sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Desert Vista High School Thunder Board Association ($935k), Elevate Jacksonville Inc ($935k) and Albany Can Code Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $156k (20% of expenses). Other salaries and wages came to $145k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 3 employees.