Alton Memorial Health Services Foundation

Analysis

Alton Memorial Health Services Foundation is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 September 2023, Alton Memorial Health Services Foundation reported income of $1.1m and spending of $1.3m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.7m to $1.1m (-37%), an average of -11% a year. The sharpest change came in the year to September 2022, when income dropped by 52%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alton Memorial Health Services Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Future Builders Inc ($1.1m), Rtpi of Natural History ($1.1m) and De Benneville Pines Incorporated ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $36.2m against liabilities of $113k, net assets of $36.1m.