Midwest Health Foundation

Analysis

Midwest Health Foundation is a registered charity in United States, based in Hinsdale, IL. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Midwest Health Foundation reported income of $1.6m and spending of $1.2m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Midwest Health Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Savusavu Community Foundation ($1.6m), Cougar Foundation ($1.6m) and CHC Qalicb II Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 59% of the total. At year end it held assets of $3.1m against liabilities of $19k, net assets of $3.0m.