Independent Health Foundation

Analysis

Independent Health Foundation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Health Foundation reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.2m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2023, when income rose by 639%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Independent Health Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Kettering Medical Center Foundation ($3.2m), Center for Wellness and Recovery of Northeast Ga Corporati ($3.2m) and Burlington County Cerebral Palsy Association Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $252k (8.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $403k, net assets of $1.8m. It reported 101 employees.