Worthington Regional Heath Care Foundation Inc

Analysis

Worthington Regional Heath Care Foundation Inc is a registered charity in United States, based in Worthington, MN. It received its IRS tax-exemption ruling in November 2017, 9 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, Worthington Regional Heath Care Foundation Inc reported income of $632k and spending of $734k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $632k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Worthington Regional Heath Care Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Pender Community Health Care Foundation Inc ($632k), Goodcoin Giving Fund ($632k) and Eastmont Foundation ($631k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $83k. At year end it held assets of $6.6m against liabilities of $6,589, net assets of $6.6m. It reported 1 employees.