Reid Hospital & Healthcare Services Foundation Inc

Analysis

Reid Hospital & Healthcare Services Foundation Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in August 1975, 51 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reid Hospital & Healthcare Services Foundation Inc reported income of $2.0m and spending of $2.8m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reid Hospital & Healthcare Services Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Ulman Foundation Inc ($2.0m), Abilene Recovery Council ($2.0m) and Glenwood H&l E&h Co Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $20.8m against liabilities of $88k, net assets of $20.7m.