Oelwein Community Healthcare Foundation

Analysis

Oelwein Community Healthcare Foundation is a registered charity in United States, based in Oelwein, IA. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, Oelwein Community Healthcare Foundation reported income of $307k and spending of $483k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $548k to $307k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 174% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oelwein Community Healthcare Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include White Haven Rescue Unit Inc ($307k), Comeback Yoga ($307k) and Northeast Georgia Speech Center Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.3m against liabilities of $4.3m, net assets of $21k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.