Washington County Hospital Foundation

Analysis

Washington County Hospital Foundation is a registered charity in United States, based in Washington, IA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Washington County Hospital Foundation reported income of $1.2m and spending of $539k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $745k to $1.2m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Washington County Hospital Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include United Way of Forsyth County Inc ($1.2m), Waterloo Community Foundation ($1.2m) and Treu Mart Fund ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $105k (20% of expenses). At year end it held assets of $8.2m against liabilities of $0, net assets of $8.2m. It reported 2 employees.