Healthcare Foundation of Wilson

Analysis

Healthcare Foundation of Wilson is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Healthcare Foundation of Wilson reported income of $4.0m and spending of $12.2m, spending 308% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $7.1m to $4.0m (-44%), an average of -18% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Foundation of Wilson sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include VMSN Inc ($4.0m), Unconditional Love Incorporated ($4.0m) and Faces and Voices of Recovery ($4.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $200k (1.6% of expenses). Other salaries and wages came to $104k. At year end it held assets of $169.1m against liabilities of $1.3m, net assets of $167.9m. It reported 2 employees.