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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Healthcare Industry Grant Corporation (EIN: 134197609) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Healthcare Industry Grant Corporation spend its money?
Healthcare Industry Grant Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.