Point32health Foundation Inc

Analysis

Point32health Foundation Inc is a registered charity in United States, based in Canton, MA. It received its IRS tax-exemption ruling in March 2008, 18 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, Point32health Foundation Inc reported income of $20.2m and spending of $11.4m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $20.2m (+157%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 461%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Point32health Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Planned Parenthood of Maryland Inc ($20.2m), Harrogate Incorporated ($20.2m) and West Michigan Cancer Center ($20.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $117.7m against liabilities of $2.0m, net assets of $115.7m.