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. 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 $303k and spending of $266k, spending 88% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $218k to $303k (+39%), an average of +8.6% a year. The sharpest change came in the year to May 2022, when income rose by 830%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthcare Financial Management Educational Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Community Literacy Centers Inc ($303k), Sugar Bush Foundation ($303k) and Trust U W Sarahs Brayton ($303k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $75k against liabilities of $670, net assets of $74k.