Aurora Health Care Foundation Inc

Analysis

Aurora Health Care Foundation Inc is a registered charity in United States, based in Downers Grove, IL. It received its IRS tax-exemption ruling in April 1960, 66 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, Aurora Health Care Foundation Inc reported income of $24.4m and spending of $31.1m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $24.4m (+173%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 268%. Over the whole period it spent 181% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aurora Health Care Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Community Foundation of Broward Inc ($24.2m), Aloha United Way Inc ($24.5m) and Igrb Foundation ($24.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. Compensation of current officers, directors and key employees was $321k (1.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $282.0m against liabilities of $37.6m, net assets of $244.4m. It reported 38 employees.