Ballad Health Foundation

Analysis

Ballad Health Foundation is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in March 1985, 41 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 June 2023, Ballad Health Foundation reported income of $7.7m and spending of $18.7m, spending 242% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.7m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 200%. 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, Ballad Health Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Durham Asset Management Company Incorporated ($7.7m), Rocky Mountain Adventist Healthcare Foundation ($7.7m) and University Community Health Services Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $356k (1.9% of expenses). At year end it held assets of $67.4m against liabilities of $22.7m, net assets of $44.7m. It reported 6 employees.