Essential Access Health

Analysis

Essential Access Health is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1968, 58 years ago. 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, Essential Access Health reported income of $38.6m and spending of $53.0m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.4m to $38.6m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essential Access Health sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Lifenet Inc ($38.6m), Portland State University Foundation ($38.7m) and Young Mens Christian Association of Snohomish County ($38.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $800k (1.5% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $55.0m against liabilities of $31.4m, net assets of $23.5m. It reported 83 employees.