Health Initiatives Foundation Inc
EIN: 262686306 · Washington, DC · NTEE: E60
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $176K |
| Net Assets | $49K |
Is Health Initiatives Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Health Initiatives Foundation Inc
Health Initiatives Foundation Inc (EIN: 262686306) is a nonprofit organization based in Washington, DC, classified under NTEE code E60. The organization reported total revenue of $93K and total assets of $18K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Initiatives Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Initiatives Foundation Inc is a micro nonprofit that has been operating for 14 years, with 4 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $192K |
| Total Expenses | $176K |
| Surplus / Deficit | +$17K |
| Total Assets | $49K |
| Net Assets | $49K |
| Operating Margin | 8.6% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Health Initiatives Foundation Inc reported a surplus of $17K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 4 years of filings (2018–2023), Health Initiatives Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +25.3% | +50.2% |
| 2022 | +67.1% | +56.6% | +88.7% |
| 2020 | -54.8% | -32.7% | -82.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Health Initiatives Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Health Initiatives Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
Frequently Asked Questions about Health Initiatives Foundation Inc
Is Health Initiatives Foundation Inc a legitimate charity?
Health Initiatives Foundation Inc (EIN: 262686306) is a registered tax-exempt nonprofit based in Washington DC. It has 4 years of IRS 990 filings on record. Total revenue: $93K. No red flags identified. Financial health grade: A.
How does Health Initiatives Foundation Inc spend its money?
Health Initiatives Foundation Inc reported $93K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Health Initiatives Foundation Inc tax-deductible?
Health Initiatives Foundation Inc is registered as a tax-exempt nonprofit (EIN: 262686306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Health Initiatives Foundation Inc located?
Health Initiatives Foundation Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 262686306. It is classified under NTEE code E60.
How many years of IRS 990 filings does Health Initiatives Foundation Inc have?
Health Initiatives Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $93K in total revenue.
Filing History
IRS 990 filing history for Health Initiatives Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2023), Health Initiatives Foundation Inc's revenue has declined by 16%, moving from $229K to $192K. Total assets decreased by 49.8% over the same period, from $98K to $49K. Total functional expenses rose by 32.1%, from $133K to $176K. In its most recent filing year (2023), Health Initiatives Foundation Inc reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $192K | $176K | $49K | $0 | — | View 990 |
| 2022 | $173K | $140K | $33K | $0 | — | View 990 |
| 2020 | $104K | $90K | $17K | $0 | — | — |
| 2018 | $229K | $133K | $98K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $192K, expenses of $176K, and assets of $49K (revenue +11.2% year-over-year).
- 2022: Revenue of $173K, expenses of $140K, and assets of $33K (revenue +67.1% year-over-year).
- 2020: Revenue of $104K, expenses of $90K, and assets of $17K (revenue -54.8% year-over-year).
- 2018: Revenue of $229K, expenses of $133K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Initiatives Foundation Inc:
Data Sources and Methodology
This transparency report for Health Initiatives Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.