Healthpoint

Analysis

Healthpoint is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in February 1972, 54 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthpoint reported income of $182.1m and spending of $179.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $116.9m to $182.1m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthpoint sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Clinica Sierra Vista ($182.0m), Montgomery General Hospital Inc ($182.3m) and Ella E M Brown Charitable Circle ($181.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $927k (0.5% of expenses). Other salaries and wages came to $90.6m. At year end it held assets of $170.5m against liabilities of $67.7m, net assets of $102.9m. It reported 1,433 employees.