Hamot Health Foundation

Analysis

Hamot Health Foundation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in July 1981, 45 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 June 2023, Hamot Health Foundation reported income of $5.2m and spending of $5.9m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.2m (+79%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 215%. 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, Hamot Health Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Hospice of Texarkana Inc ($5.2m), Counseling4kids ($5.2m) and Association of State and Territorial Public ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $686k. At year end it held assets of $25.6m against liabilities of $976k, net assets of $24.6m. It reported 10 employees.