Lake Taylor Transitional Care Hospital Foundation

Analysis

Lake Taylor Transitional Care Hospital Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in January 2005, 21 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 June 2023, Lake Taylor Transitional Care Hospital Foundation reported income of $1.2m and spending of $412k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $457k to $1.2m (+167%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 509%. Over the whole period it spent 35% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lake Taylor Transitional Care Hospital Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Walter Reed Society ($1.2m), Cabell Huntington Hospital Auxiliary Inc ($1.2m) and Global Care Force Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $22k. It paid $164k in professional fundraising fees. At year end it held assets of $16.3m against liabilities of $289k, net assets of $16.0m.