Foundation for Hearing & Speech Rehabilitation

Analysis

Foundation for Hearing & Speech Rehabilitation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1958, 68 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 December 2023, Foundation for Hearing & Speech Rehabilitation reported income of $319k and spending of $498k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $319k (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 199%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Hearing & Speech Rehabilitation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include New England Parkinsons Ride ($319k), Intercultural Center for Health Research and Wellness Inc ($319k) and Cato Ira Meridian Victory Ambulance Corps Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $80k (16% of expenses). Other salaries and wages came to $12k. At year end it held assets of $2.5m against liabilities of $37k, net assets of $2.5m. It reported 4 employees.