Hendricks Regional Health Foundation Inc

Analysis

Hendricks Regional Health Foundation Inc is a registered charity in United States, based in Danville, IN. It received its IRS tax-exemption ruling in August 1984, 42 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 December 2023, Hendricks Regional Health Foundation Inc reported income of $568k and spending of $350k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $698k to $568k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hendricks Regional Health Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Aurora Community Mental Health Research Institute Inc ($568k), Agape Christian Homes ($568k) and Rainbow School and Day Care Center Inc ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $112k. At year end it held assets of $2.5m against liabilities of $333k, net assets of $2.1m.