Health Care Partners Foundation Inc

Analysis

Health Care Partners Foundation Inc is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in July 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Health Care Partners Foundation Inc reported income of $633k and spending of $788k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $633k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 36%. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Care Partners Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Wisconsin Institute for Immune and Cell Therapy Inc ($633k), Cornerstone Womens Center ($634k) and Rockville Pregnancy Center Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $36k (4.5% of expenses). Other salaries and wages came to $500k. At year end it held assets of $261k against liabilities of $798k, net assets of -$537k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.