Cottage Health Foundation

Analysis

Cottage Health Foundation is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in March 1942, 84 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cottage Health Foundation reported income of $64k and spending of $4,772, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $64k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cottage Health Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within IL. Charities of a similar size with the same main cause include Muslim Volunteers for New York ($64k), Friends of Madison School-Community Recreation ($64k) and Aspirekids ($64k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $24k, net assets of $2.0m.