Health Foundation Inc

Analysis

Health Foundation Inc is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in October 1991, 35 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 December 2023, Health Foundation Inc reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.0m to $1.8m (-6.8%), an average of -1.4% a year. The sharpest change came in the year to December 2019, when income dropped by 16%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Passageway ($1.8m), LA Nueva Esperanza ($1.8m) and AIDS Task Force of the Upper Ohio Valley Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $262k (16% of expenses). Other salaries and wages came to $137k. At year end it held assets of $6.1m against liabilities of $2.3m, net assets of $3.8m. It reported 5 employees.