Spencer Regional Healthcare Foundation

Analysis

Spencer Regional Healthcare Foundation is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in September 1994, 32 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, Spencer Regional Healthcare Foundation reported income of $1.9m and spending of $337k, leaving 82% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.8m to $1.9m (-61%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 82%. Over the whole period it spent 33% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spencer Regional Healthcare Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Community Health Center of St Marys Healthcare & Nathan Littauer Hospi ($1.9m), Restoring Our Own Through Transformation ($1.9m) and Texas Health Virtual Care ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% of the total. At year end it held assets of $26.4m against liabilities of $9.3m, net assets of $17.1m.