Healthcare Charities Inc

Analysis

Healthcare Charities Inc is a registered charity in United States, based in Castro Valley, CA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, Healthcare Charities Inc reported income of $1.8m and spending of $1.4m, spending 80% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $9.8m to $1.8m (-82%), an average of -35% a year. The sharpest change came in the year to March 2023, when income rose by 95%. Over the whole period it spent 124% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Healthcare Charities Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Malta Human Services Foundation ($1.8m), Mobility International USA ($1.8m) and Lse Foundation ($1.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $145k. At year end it held assets of $2.6m against liabilities of $1.9m, net assets of $702k. It reported 3 employees.