Healthsource Foundation

Analysis

Healthsource Foundation is a registered charity in United States, based in Loveland, OH. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Healthsource Foundation reported income of $327k and spending of $368k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $327k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Healthsource Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Hoke Domestic Violence & Sexual Assualt Center Inc ($327k), Boggs Educational Center Project Team ($327k) and Kenya Project for Education and Spiritual Growth Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.6m against liabilities of $13k, net assets of $1.6m.