HRMC Foundation

Analysis

HRMC Foundation is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, HRMC Foundation reported income of $886k and spending of $639k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $886k (+127%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HRMC Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within SD. Charities of a similar size with the same main cause include CMH Foundation ($886k), ALS Southwest Association ($886k) and Center for Disease Analysis Foundation Inc ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 13% of the total. Other salaries and wages came to $41k. At year end it held assets of $3.6m against liabilities of $67k, net assets of $3.5m.