Bath Community Hospital Foundation

Analysis

Bath Community Hospital Foundation is a registered charity in United States, based in Hot Springs, VA. It received its IRS tax-exemption ruling in February 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bath Community Hospital Foundation reported income of $3.0m and spending of $90k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $3.0m (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 299%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bath Community Hospital Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Shared Services Home Health Care Corporation ($3.0m), Fibrolamellar Cancer Foundation ($3.0m) and Stuart Village Nursing Home Board ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $26.6m against liabilities of $11k, net assets of $26.6m.