A Global Healthcare Public Foundation Inc

Analysis

A Global Healthcare Public Foundation Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2021, A Global Healthcare Public Foundation Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $936k to $1.3m (+37%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, A Global Healthcare Public Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Sacramento Life Center Inc ($1.3m), Northern Illinois Hospice Foundation ($1.3m) and Restore Addiction Recovery ($1.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $147k (11% of expenses). At year end it held assets of $31 against liabilities of $0, net assets of $31.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.