Keweenaw Health Foundation

Analysis

Keweenaw Health Foundation is a registered charity in United States, based in Laurium, MI. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Keweenaw Health Foundation reported income of $122k and spending of $88k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $62k to $122k (+98%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 145%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Keweenaw Health Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Ashland Free Medical Clinic ($122k), Sunshine Club Inc ($122k) and Jefferson County Transitional Services Inc ($122k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.9% of the total. Compensation of current officers, directors and key employees was $26k (29% of expenses). At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.