Healthcare Financial Management Educational Foundation

Analysis

Healthcare Financial Management Educational Foundation is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in October 1965, 61 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Healthcare Financial Management Educational Foundation reported income of $9.0m and spending of $7.7m, spending 85% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $12.2m to $9.0m (-26%), an average of -7.2% a year. The sharpest change came in the year to May 2022, when income rose by 67%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Financial Management Educational Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Mon Health Marion Neighborhood Hospital Inc ($9.0m), Country Health Inc ($9.0m) and Special Kids - Special Families Inc ($9.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. At year end it held assets of $32.5m against liabilities of $9.0m, net assets of $23.5m.