Union Hospital Foundation Inc

Analysis

Union Hospital Foundation Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in March 1986, 40 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, Union Hospital Foundation Inc reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.3m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 207%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Union Hospital Foundation Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Walker Cancer Research Institute Inc ($2.3m), Alcoholism Council of Cincinnati Area ($2.3m) and Narcotics Prevention Association Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Other salaries and wages came to $371k. At year end it held assets of $26.1m against liabilities of $6.9m, net assets of $19.2m. It reported 6 employees.