Washington Township Medical Foundation

Analysis

Washington Township Medical Foundation is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in July 2010, 16 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, Washington Township Medical Foundation reported income of $50.7m and spending of $78.4m, spending 155% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $43.8m to $50.7m (+16%), an average of +3.7% a year. Over the whole period it spent 148% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washington Township Medical Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Northwestern Counseling & Support Services Inc ($50.6m), Uab Medicine Enterprise ($50.7m) and Community Counseling Solutions ($50.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.4m (1.8% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $9.2m against liabilities of $257.8m, net assets of -$248.6m. It reported 287 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.