Multicultural Health Foundation

Analysis

Multicultural Health Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2014, 12 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, Multicultural Health Foundation reported income of $132k and spending of $266k, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $414k to $132k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income rose by 345%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Multicultural Health Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Alliance Against Diabetes ($132k), Her Institute ($132k) and Memorial Hospital Medical Staff Association Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $106k (40% of expenses). At year end it held assets of $1.4m against liabilities of $38k, net assets of $1.3m.