Boone County Hospital Foundation

Analysis

Boone County Hospital Foundation is a registered charity in United States, based in Boone, IA. It received its IRS tax-exemption ruling in May 1993, 33 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 March 2024, Boone County Hospital Foundation reported income of $273k and spending of $265k, spending 97% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $304k to $273k (-10%), an average of -2.7% a year. The sharpest change came in the year to March 2024, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Boone County Hospital Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include PPH Ambulance Association Inc ($272k), Kilimanjaro Mission Hospital Inc ($273k) and Center for Neurological Reprogramming Inc ($272k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 60% of the total. At year end it held assets of $1.4m against liabilities of $30k, net assets of $1.4m.