Hillsboro Area Health Foundation

Analysis

Hillsboro Area Health Foundation is a registered charity in United States, based in Hillsboro, IL. It received its IRS tax-exemption ruling in May 1990, 36 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 June 2023, Hillsboro Area Health Foundation reported income of $214k and spending of $20k, leaving 91% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $137k to $214k (+56%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 167%. Over the whole period it spent 14% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hillsboro Area Health Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Akron Bar Association Foundation ($213k), Carlinville Area Hospital Foundation ($214k) and Cascade Medical Center Foundation ($213k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $6,017. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.