Latrobe Area Hospital Charitable Foundation

Analysis

Latrobe Area Hospital Charitable Foundation is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in November 1994, 32 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, Latrobe Area Hospital Charitable Foundation reported income of $1.8m and spending of $1.4m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.8m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latrobe Area Hospital Charitable Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Job Connection Inc ($1.8m), Coalition Against Rape and Abuse Inc ($1.8m) and Handson Central Ohio Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $101k. At year end it held assets of $16.8m against liabilities of $29k, net assets of $16.7m.