Belmond Community Hospital Foundation

Analysis

Belmond Community Hospital Foundation is a registered charity in United States, based in Belmond, IA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2024, Belmond Community Hospital Foundation reported income of $412k and spending of $1.1m, spending 266% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income fell from $671k to $412k (-39%), an average of -9.3% a year. The sharpest change came in the year to July 2020, when income dropped by 67%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Belmond Community Hospital Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within IA. Charities of a similar size with the same main cause include Alamo Events Inc ($411k), Granville County United Way Inc ($412k) and Greater Hayward Area Recreation & Park Foundation ($411k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 49% and program service revenue 25% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.