Ely Health and Hospital Fund

Analysis

Ely Health and Hospital Fund is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in December 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ely Health and Hospital Fund reported income of $358k and spending of $31k, leaving 91% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $821k to $358k (-56%), an average of -19% a year. The sharpest change came in the year to September 2022, when income rose by 327%. Over the whole period it spent 9.7% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ely Health and Hospital Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Tdiforaccess ($358k), You Can Be My Angel Foundation ($358k) and Melodic Caring Project ($358k).

At year end it held assets of $13.0m against liabilities of $0, net assets of $13.0m.