Westfields Hospital Foundation Inc

Analysis

Westfields Hospital Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Westfields Hospital Foundation Inc reported income of $294k and spending of $507k, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $317k to $294k (-7.2%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Westfields Hospital Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include American Sickle Cell Anemia Assoc ($294k), Childrens Aid Foundation ($294k) and Race Cancer Foundation Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $3.0m against liabilities of $467k, net assets of $2.5m.