Foundation for Health Equity

Analysis

Foundation for Health Equity is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Foundation for Health Equity reported income of $881k and spending of $1.3m, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $881k (-37%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Health Equity sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Vaani Tefillah Foundation ($880k), Play Ball Foundation Inc ($881k) and Arthur Miller Foundation ($879k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. Compensation of current officers, directors and key employees was $126k (9.4% of expenses). Other salaries and wages came to $63k. At year end it held assets of $16.6m against liabilities of $294k, net assets of $16.3m. It reported 3 employees.