Xleratehealth Non-Profit Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To cultivate and grow impactful healthcare innovation in regions where promising ideas often go unrecognized and underfunded. The organization advances this mission through the operation of a business accelerator program that provides educational resources, mentorship, and training to entrepreneurs developing early stage healthcare companies.
- Income
- $0
- Spending
- $12,440
- Spent on programs
- 74%
- Reserves
- Over 10 years of spending
- Employees
- 0
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 54 out of 100. Higher than 32% of charities in its peer group (community improvement, under $250k).
Independent board
18 of 253 of 3 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- The organization continued to build and maintain a healthcare innovation ecosystem through ongoing engagement with hospital systems, healthcare payers, pharmaceutical and medical device companies, universities, and healthcare-focused venture firms. During the fiscal year, activities focused on convening stakeholders, strengthening relationships, and identifying opportunities for future collaboration in healthcare innovation and commercialization. For example, the organization engaged regional partners to explore the development of a health technology innovation pipeline and a real-world testing environment to support validation and adoption of emerging solutions. These activities were primarily strategic in nature and required minimal financial expenditures but are foundational to enabling future program delivery.
- $6,000 spent. The organization continued to advance its charitable purpose of entrepreneurial education in healthcare and related sectors through the development of educational offerings. Activities included designing healthcare design thinking programs for undergraduate and graduate students, developing a continuing education CEU course for clinicians, and creating supporting content modules. During the fiscal year, efforts focused on curriculum development and preparation for future implementation, including structuring content to support training in healthcare innovation and commercialization for academic and clinical audiences. These activities were developmental in nature and required minimal financial expenditures during the year but are expected to support expanded program delivery in subsequent periods.
- $3,227 spent. The organization maintained engagement with its portfolio companies through relationship-based support and ongoing communication. Activities included facilitating introductions to key stakeholders and maintaining connections to support long-term commercialization and growth. During the fiscal year, these efforts were limited in scope and conducted in a non-compensated, non-expenditure-intensive capacity. While financial expenditures were minimal, the organization continued to provide value through connectivity and ecosystem access aligned with its mission.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.