Titusville Area Health Center Foundation

Analysis

Titusville Area Health Center Foundation is a registered charity in United States, based in Titusville, PA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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, Titusville Area Health Center Foundation reported income of $432k and spending of $60k, leaving 86% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $397k to $432k (+8.9%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 10% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Titusville Area Health Center Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include First Lutheran Church Foundation ($432k), The Intersection ($432k) and New Mexico Monitored Treatment Program ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $30k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.