Iowa Health Care Association Foundation

Analysis

Iowa Health Care Association Foundation is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in March 1989, 37 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, Iowa Health Care Association Foundation reported income of $6.5m and spending of $6.3m, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $369k to $6.5m (+1664%), an average of +320% a year. The sharpest change came in the year to December 2023, when income rose by 2903%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iowa Health Care Association Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Southern Tier AIDS Program Inc ($6.5m), Siloam Health ($6.5m) and Indiana Lions Eye Bank Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $465k against liabilities of $20k, net assets of $445k.