Foundation for Hospital Art Inc

Analysis

Foundation for Hospital Art Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Foundation for Hospital Art Inc reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Hospital Art Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include Mill Valley Livearts ($1.2m), Kingsport Child Development Center ($1.2m) and Wheels of Independence Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.0% of the total. Other salaries and wages came to $491k. At year end it held assets of $2.8m against liabilities of $720k, net assets of $2.1m. It reported 14 employees.