Froedtert Menomonee Falls Hospital Foundation Inc

Analysis

Froedtert Menomonee Falls Hospital Foundation Inc is a registered charity in United States, based in Menomonee FLS, WI. It received its IRS tax-exemption ruling in November 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Froedtert Menomonee Falls Hospital Foundation Inc reported income of $1.2m and spending of $923k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.2m (-1.1%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Froedtert Menomonee Falls Hospital Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Studentsfirst New York Institute ($1.2m), Suffolk Foundation ($1.2m) and Centers for Youth and Families Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $422k. At year end it held assets of $11.0m against liabilities of $675k, net assets of $10.3m.