Naeve Health Care Foundation

Analysis

Naeve Health Care Foundation is a registered charity in United States, based in Albert Lea, MN. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Naeve Health Care Foundation reported income of $304k and spending of $298k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $304k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Naeve Health Care Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Relational Life Foundation ($304k), Evergreen Community Development Initiative ($304k) and Ribbon of Hope Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% of the total. At year end it held assets of $5.1m against liabilities of $0, net assets of $5.1m.