Henry Ford Health Providence Foundation

Analysis

Henry Ford Health Providence Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 2002, 24 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 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, Henry Ford Health Providence Foundation reported income of $4.8m and spending of $10.4m, spending 214% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.7m to $4.8m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2020, when income dropped by 44%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Henry Ford Health Providence Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Montgomery County Community Foundation Inc ($4.8m), Community Foundation of West Georgia Inc ($4.8m) and Friends of Bassett Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $21.7m against liabilities of $146k, net assets of $21.5m.