Foundation Health Services Inc

Analysis

Foundation Health Services Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 1988, 38 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 2022, Foundation Health Services Inc reported income of $3.3m and spending of $2.9m, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.9m to $3.3m (+17%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation Health Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Healthie Georgia Corporation ($3.3m), Maine Cancer Foundation ($3.3m) and Partners in Community Inc ($3.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.5% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $60k (2.0% of expenses). Other salaries and wages came to $975k. At year end it held assets of $5.4m against liabilities of $369k, net assets of $5.1m. It reported 28 employees.