Lakewood Regional Healthcare Foundation

Analysis

Lakewood Regional Healthcare Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1998, 28 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 June 2023, Lakewood Regional Healthcare Foundation reported income of $180k and spending of $555k, spending 308% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $418k to $180k (-57%), an average of -19% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lakewood Regional Healthcare Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within AZ. Charities of a similar size with the same main cause include Burke Psychosocial Services Inc ($180k), Section on Research of the American Physical Therapy Association ($180k) and Valley View Health Clinic ($180k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $6.0m against liabilities of $152, net assets of $6.0m.