Freeport Regional Health Care Found Ation

Analysis

Freeport Regional Health Care Found Ation is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in July 1985, 41 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, Freeport Regional Health Care Found Ation reported income of $44.1m and spending of $69.2m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $44.7m to $44.1m (-1.2%), an average of -0.3% a year. Over the whole period it spent 156% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freeport Regional Health Care Found Ation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Family Health Services of Darke County Inc ($44.1m), Mather Foundation ($44.2m) and Lifespring Inc ($44.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.6m (2.3% of expenses). Other salaries and wages came to $30.8m. At year end it held assets of $42.2m against liabilities of $36.9m, net assets of $5.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.