Health Choice Network Inc

Analysis

Health Choice Network Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in July 2011, 15 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 September 2023, Health Choice Network Inc reported income of $35.8m and spending of $52.9m, spending 148% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.4m to $35.8m (+106%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Choice Network Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Puget Sound Kidney Centers ($35.8m), Brandman Centers for Senior Care Inc ($35.9m) and Tufts Shared Services Inc ($35.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $293k (0.6% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $25.2m against liabilities of $51.1m, net assets of -$25.8m. It reported 144 employees.