Stoughton Hospital Foundation Inc

Analysis

Stoughton Hospital Foundation Inc is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in April 2019, 7 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 September 2023, Stoughton Hospital Foundation Inc reported income of $2.0m and spending of $559k, leaving 72% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $234k to $2.0m (+758%), an average of +71% a year. The sharpest change came in the year to September 2023, when income rose by 443%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stoughton Hospital Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Meuse Family Foundation ($2.0m), Craft Emergency Relief Fund Inc ($2.0m) and Childrens Dyslexia Centers Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $77k (14% of expenses). Other salaries and wages came to $49k. It paid $71k in professional fundraising fees. At year end it held assets of $2.8m against liabilities of $66k, net assets of $2.7m.