Port Huron Hospital Foundation

Analysis

Port Huron Hospital Foundation is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in April 1988, 38 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, Port Huron Hospital Foundation reported income of $574k and spending of $573k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.1m to $574k (-46%), an average of -14% a year. The sharpest change came in the year to September 2023, when income dropped by 36%. Over the whole period it spent 163% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Port Huron Hospital Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Consolidated Waste Ltd ($574k), Big Brothers Big Sisters of Southwestern Illinois ($574k) and Arizona Jewish Historical Society ($574k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $5.3m against liabilities of $1.0m, net assets of $4.3m.