Healthcare Industry Grant Corporation
Healthcare Industry Grant Corporation shows highly volatile revenue and expenses, with no executive compensation reported.
EIN: 134197609 · New York, NY · NTEE: B129 · Updated: 2026-03-28
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Healthcare Industry Grant Corporation is mapped to EIN 134197609.
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IRS Form 990 index verified
13 stored filing years available.
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Filing depth verified
13 stored filing years available.
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Workflow Engine
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13 stored filing years plus ProPublica source
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Triggered by: program expense ratio, CEO salary, revenue, grants
90% program spend, health grade C
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4 peer options surfaced
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| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $175K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Healthcare Industry Grant Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Healthcare Industry Grant Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Healthcare Industry Grant Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.0M and expenses of $1.1M.
Revenue and Expenses
Healthcare Industry Grant Corporation reported $1.0M in revenue and $1.1M in expenses, a deficit of $48K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Healthcare Industry Grant Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $964K (90%) |
Across stored filings, Healthcare Industry Grant Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Education context |
Trust Check
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Healthcare Industry Grant Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healthcare Industry Grant Corporation
Healthcare Industry Grant Corporation (EIN: 134197609) is a nonprofit organization based in New York, NY, classified under NTEE code B129. The organization reported total revenue of $2.8M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthcare Industry Grant Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healthcare Industry Grant Corporation is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-48,455 |
| Total Assets | $6.0M |
| Total Liabilities | $5.8M |
| Net Assets | $175K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 97.1% |
| Months of Reserves | 67.2 months |
Financial Health Grade: C
In 2023, Healthcare Industry Grant Corporation reported a deficit of $48K with expenses exceeding revenue, holds 67.2 months of operating reserves (strong position), has a debt-to-asset ratio of 97.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Healthcare Industry Grant Corporation's revenue has declined at a compound annual growth rate (CAGR) of -10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +128.8% | +117.5% | +36.9% |
| 2022 | -91.1% | -90.1% | -22.5% |
| 2021 | -81.7% | -81.8% | -63.8% |
| 2020 | -2.3% | -22.4% | -42.0% |
| 2019 | -22.8% | +104.2% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healthcare Industry Grant Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Healthcare Industry Grant Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no portion of the organization's funds is allocated to officer salaries, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Healthcare Industry Grant Corporation's IRS 990 filings:
- Highly volatile revenue and expense figures year-over-year, making financial planning challenging.
- High liabilities relative to assets in some periods, such as $5,823,752 in liabilities against $5,999,095 in assets in 2023, indicating limited financial reserves.
Strengths
The following positive indicators were identified for Healthcare Industry Grant Corporation:
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds to programs.
- Significant asset base in some years, reaching $31,725,569 in 2018, indicating capacity for substantial operations.
- Long filing history (13 filings) suggests established operations and compliance.
Frequently Asked Questions about Healthcare Industry Grant Corporation
Is Healthcare Industry Grant Corporation a legitimate charity?
Healthcare Industry Grant Corporation (EIN: 134197609) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Healthcare Industry Grant Corporation spend its money?
Healthcare Industry Grant Corporation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Healthcare Industry Grant Corporation tax-deductible?
Healthcare Industry Grant Corporation is registered as a tax-exempt nonprofit (EIN: 134197609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Healthcare Industry Grant Corporation's spending goes to programs?
Healthcare Industry Grant Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Healthcare Industry Grant Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Healthcare Industry Grant Corporation is above average for NTEE category B129 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healthcare Industry Grant Corporation located?
Healthcare Industry Grant Corporation is headquartered in New York, New York and files with the IRS under EIN 134197609. It is classified under NTEE code B129.
How many years of IRS 990 filings does Healthcare Industry Grant Corporation have?
Healthcare Industry Grant Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Is Healthcare Industry Grant Corporation a good charity?
Based on the available data, the organization demonstrates strong program focus by reporting 0% officer compensation, suggesting funds are directed towards its mission. However, its financial stability is impacted by highly volatile revenue and expense figures year-over-year.
Why are the revenues and expenses so inconsistent?
The significant fluctuations, such as revenue dropping from $36,277,871 in 2018 to $1,022,638 in 2023, could indicate reliance on large, infrequent grants or project-based funding, which can lead to unpredictable financial performance.
What is the organization's current financial health?
As of the 202312 period, the organization reported revenues of $1,022,638 and expenses of $1,071,093, resulting in a slight deficit. Assets were $5,999,095 against liabilities of $5,823,752, indicating a relatively thin margin of financial security.
Filing History
IRS 990 filing history for Healthcare Industry Grant Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthcare Industry Grant Corporation's revenue has declined by 73.6%, moving from $3.9M to $1.0M. Total assets increased by 10.8% over the same period, from $5.4M to $6.0M. Total functional expenses fell by 72.3%, from $3.9M to $1.1M. In its most recent filing year (2023), Healthcare Industry Grant Corporation reported a deficit of $48K, with expenses exceeding revenue. The organization holds $5.8M in liabilities against $6.0M in assets (debt-to-asset ratio: 97.1%), resulting in net assets of $175K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $6.0M | $5.8M | — | — |
| 2022 | $447K | $492K | $4.4M | $4.2M | — | View 990 |
| 2021 | $5.0M | $5.0M | $5.7M | $5.4M | — | View 990 |
| 2020 | $27.3M | $27.3M | $15.6M | $15.4M | — | View 990 |
| 2019 | $28.0M | $35.2M | $26.9M | $12.3M | — | View 990 |
| 2018 | $36.3M | $17.3M | $31.7M | $9.9M | — | View 990 |
| 2017 | $9.5M | $11.9M | $8.0M | $5.2M | — | — |
| 2016 | $11.6M | $6.4M | $8.5M | $3.4M | — | View 990 |
| 2015 | $4.9M | $4.9M | $2.3M | $2.3M | — | View 990 |
| 2014 | $2.6M | $2.6M | $1.9M | $1.9M | — | View 990 |
| 2013 | $6.6M | $6.6M | $3.1M | $3.1M | — | View 990 |
| 2012 | $5.3M | $5.3M | $6.6M | $6.6M | — | View 990 |
| 2011 | $3.9M | $3.9M | $5.4M | $5.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $6.0M (revenue +128.8% year-over-year).
- 2022: Revenue of $447K, expenses of $492K, and assets of $4.4M (revenue -91.1% year-over-year).
- 2021: Revenue of $5.0M, expenses of $5.0M, and assets of $5.7M (revenue -81.7% year-over-year).
- 2020: Revenue of $27.3M, expenses of $27.3M, and assets of $15.6M (revenue -2.3% year-over-year).
- 2019: Revenue of $28.0M, expenses of $35.2M, and assets of $26.9M (revenue -22.8% year-over-year).
- 2018: Revenue of $36.3M, expenses of $17.3M, and assets of $31.7M (revenue +281.1% year-over-year).
- 2017: Revenue of $9.5M, expenses of $11.9M, and assets of $8.0M (revenue -18.0% year-over-year).
- 2016: Revenue of $11.6M, expenses of $6.4M, and assets of $8.5M (revenue +135.7% year-over-year).
- 2015: Revenue of $4.9M, expenses of $4.9M, and assets of $2.3M (revenue +89.5% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.6M, and assets of $1.9M (revenue -60.8% year-over-year).
- 2013: Revenue of $6.6M, expenses of $6.6M, and assets of $3.1M (revenue +26.0% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.3M, and assets of $6.6M (revenue +35.9% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.9M, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healthcare Industry Grant Corporation:
Data Sources and Methodology
This transparency report for Healthcare Industry Grant Corporation 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.