Gibson Area Hospital Foundation

Analysis

Gibson Area Hospital Foundation is a registered charity in United States, based in Gibson City, IL. It received its IRS tax-exemption ruling in January 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gibson Area Hospital Foundation reported income of $2.3m and spending of $269k, leaving 88% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.3m (+48%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 264%. Over the whole period it spent 20% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gibson Area Hospital Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Brown-Wilcox Trustees Company Inc Brown-Wilcox Home for the Aged ($2.3m), Community-Social Model Advocates Inc ($2.3m) and Mary Walker TW 657 C-Ch 009182 ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% of the total. Other salaries and wages came to $73k. At year end it held assets of $10.8m against liabilities of $35k, net assets of $10.7m.