Kossuth County Hospital Foundation

Analysis

Kossuth County Hospital Foundation is a registered charity in United States, based in Algona, IA. It received its IRS tax-exemption ruling in May 1990, 36 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 December 2023, Kossuth County Hospital Foundation reported income of $1.2m and spending of $183k, leaving 85% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $588k to $1.2m (+105%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 16% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kossuth County Hospital Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include North Coast Health Improvement and Information Network ($1.2m), Buffalo County Community Health Partners Inc ($1.2m) and Midwest Kidney Network ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. It paid $878 in professional fundraising fees. At year end it held assets of $7.8m against liabilities of $0, net assets of $7.8m.