Chesapeake General Hospital Healthcare Foundation

Analysis

Chesapeake General Hospital Healthcare Foundation is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in August 1994, 32 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 June 2023, Chesapeake General Hospital Healthcare Foundation reported income of $1.7m and spending of $2.2m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $682k to $1.7m (+152%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 335%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chesapeake General Hospital Healthcare Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Vecinos Inc ($1.7m), Dubuque Mercy Health Foundation ($1.7m) and CCC Eastside Qalicb ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. It paid $224k in professional fundraising fees. At year end it held assets of $8.8m against liabilities of $10k, net assets of $8.8m. It reported 5 employees.