Hebrew Health Care Foundation Inc

Analysis

Hebrew Health Care Foundation Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in August 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Hebrew Health Care Foundation Inc reported income of $761k and spending of $41k, leaving 95% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $623k to $761k (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2022, when income rose by 512%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hebrew Health Care Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Woodstock Guild of Craftsmen Inc ($761k), Coursey Station Apartments Inc ($761k) and Oasis Institute ($761k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $6.5m against liabilities of $1.2m, net assets of $5.3m.