Spectrum Health Foundation Inc

Analysis

Spectrum Health Foundation Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Spectrum Health Foundation Inc reported income of $81k and spending of $145k, spending 179% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $98k to $81k (-17%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 165% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spectrum Health Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within KS. Charities of a similar size with the same main cause include Pathstones Counseling Center ($81k), Overflow Foundation LLC ($81k) and Cerebral Palsy of Oklahoma Inc ($81k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.