Waverly Health Center Foundation

Analysis

Waverly Health Center Foundation is a registered charity in United States, based in Waverly, IA. It received its IRS tax-exemption ruling in November 1987, 39 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, Waverly Health Center Foundation reported income of $139k and spending of $489k, spending 351% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $477k to $139k (-71%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 73%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Waverly Health Center Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within IA. Charities of a similar size with the same main cause include Gileads Hope Inc ($139k), Reach Burn Foundation Inc ($139k) and Bay Area Club Inc ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $40k (8.2% of expenses). At year end it held assets of $3.1m against liabilities of $3,926, net assets of $3.1m.