Douglas Health Care Foundation

Analysis

Douglas Health Care Foundation is a registered charity in United States, based in Alexandria, MN. It received its IRS tax-exemption ruling in December 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Douglas Health Care Foundation reported income of $96k and spending of $799k, spending 836% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $96k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 1180% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Douglas Health Care Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Elliott Prairie Christian School ($96k), Literacy Council of Macon County ($96k) and North Columbia Schoolhouse Cultural Center ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8.7m against liabilities of $6.3m, net assets of $2.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.