Veterans Memorial Health Care Foundation of Waukon Iowa

Analysis

Veterans Memorial Health Care Foundation of Waukon Iowa is a registered charity in United States, based in Waukon, IA. It received its IRS tax-exemption ruling in May 1983, 43 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 December 2023, Veterans Memorial Health Care Foundation of Waukon Iowa reported income of $162k and spending of $60k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $475k to $162k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Memorial Health Care Foundation of Waukon Iowa sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include Old Washington Community Volunteer Fire Company ($162k), Holman Supporting Foundation ($162k) and West Ouachita Youth Sports Association ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $546k against liabilities of $0, net assets of $546k.