Virginia Gay Hospital Health Care Foundation

Analysis

Virginia Gay Hospital Health Care Foundation is a registered charity in United States, based in Vinton, IA. It received its IRS tax-exemption ruling in October 1992, 34 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 June 2023, Virginia Gay Hospital Health Care Foundation reported income of $213k and spending of $181k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16k to $213k (+1196%), an average of +90% a year. The sharpest change came in the year to June 2020, when income rose by 818%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Gay Hospital Health Care Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IA. Charities of a similar size with the same main cause include Armed Forces Service Center ($213k), Law-Related Education Project Incorporated ($213k) and Market Street Music Conservatory ($213k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.4m against liabilities of $156k, net assets of $1.2m.