Glencoe Regional Health Services Foundation Inc

Analysis

Glencoe Regional Health Services Foundation Inc is a registered charity in United States, based in Glencoe, MN. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 September 2023, Glencoe Regional Health Services Foundation Inc reported income of $286k and spending of $156k, leaving 46% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $154k to $286k (+86%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 583%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Glencoe Regional Health Services Foundation Inc sits at the 59th percentile: it is larger than about 59% 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 PTA California Congress of Parents Teachers & Students Inc ($286k), Utah Golf Foundation ($286k) and I Am a Gentleman Inc ($286k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.