Beloit Health System Foundation Inc

Analysis

Beloit Health System Foundation Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in September 1984, 42 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, Beloit Health System Foundation Inc reported income of $2.7m and spending of $2.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $2.7m (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 329%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beloit Health System Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include Brain Injury Association of Colorado Inc ($2.7m), Activating Change Inc ($2.7m) and Charitable Healthcare Network Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $13.6m against liabilities of $687k, net assets of $12.9m.