Aspirus Iron Area Health Foundation

Analysis

Aspirus Iron Area Health Foundation is a registered charity in United States, based in Iron River, MI. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Aspirus Iron Area Health Foundation reported income of $56k and spending of $39k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $56k (-64%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 179%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirus Iron Area Health Foundation sits at the 17th percentile: it is larger than about 17% 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 Virginia Association of Workers for the Blind ($56k), Western States Council Leukemia Fund ($56k) and Megan Lally Memorial Fund Inc ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% of the total. Other salaries and wages came to $15k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.