Harbor Beach Hospital Foundation

Analysis

Harbor Beach Hospital Foundation is a registered charity in United States, based in Harbor Beach, MI. It received its IRS tax-exemption ruling in August 2000, 26 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 December 2023, Harbor Beach Hospital Foundation reported income of $56k and spending of $54k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $56k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 144% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harbor Beach Hospital Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Little League Baseball Inc ($56k), Christmas for Charity Inc ($56k) and Chambers-Mccain Foundation ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.