Humboldt County Memorial Hospital Foundation

Analysis

Humboldt County Memorial Hospital Foundation is a registered charity in United States, based in Humboldt, IA. It received its IRS tax-exemption ruling in April 1991, 35 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 2024, Humboldt County Memorial Hospital Foundation reported income of $782k and spending of $238k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $264k to $782k (+196%), an average of +31% a year. The sharpest change came in the year to June 2024, when income rose by 268%. Over the whole period it spent 58% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Humboldt County Memorial Hospital Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include Care of Savannah Inc ($782k), Cameron Community Health Care Center Inc ($782k) and Hope Restoration Ministries ($782k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $15k (6.3% of expenses). At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.