Atrium Health Foundation

Analysis

Atrium Health Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 1960, 66 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, Atrium Health Foundation reported income of $66.4m and spending of $64.5m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $52.9m to $66.4m (+25%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Atrium Health Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Fishermens Health Inc ($66.3m), Grace Community Health Center Inc ($66.4m) and Central Maine Healthcare Corporation ($66.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $508.0m against liabilities of $7.1m, net assets of $500.9m.