Iowa Specialty Hospital Foundation Clarion

Analysis

Iowa Specialty Hospital Foundation Clarion is a registered charity in United States, based in Clarion, IA. It received its IRS tax-exemption ruling in April 2024, 2 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Iowa Specialty Hospital Foundation Clarion reported income of $832k and spending of $876k, spending 105% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income grew from $629k to $832k (+32%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iowa Specialty Hospital Foundation Clarion sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include FLM Foundation Inc ($831k), Havenhouse St Louis ($832k) and PKD Free Babies Alliance Ltd ($831k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 13% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $47k (5.4% of expenses). Other salaries and wages came to $189k. At year end it held assets of $3.8m against liabilities of $2.2m, net assets of $1.6m.

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.