NHC Foundation Inc

Analysis

NHC Foundation Inc is a registered charity in United States, based in Loch Sheldrke, NY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NHC Foundation Inc reported income of $734k and spending of $300k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $734k (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 229%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NHC 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 71st percentile within NY. Charities of a similar size with the same main cause include Charlie Daniels Journey Home Project ($734k), Aldersgate Youth Service Bureau ($734k) and Lake View Foundation ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. Other salaries and wages came to $72k. At year end it held assets of $4.7m against liabilities of $55k, net assets of $4.6m.