Hospital Development Foundation Inc

Analysis

Hospital Development Foundation Inc is a registered charity in United States, based in Mountain Home, AR. It received its IRS tax-exemption ruling in October 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hospital Development Foundation Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.1m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospital Development Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within AR. Charities of a similar size with the same main cause include Community Action Agency for McHenry County ($3.1m), Austin Child Guidance Center ($3.1m) and Dominion Educational Ministries Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $329k. At year end it held assets of $20.5m against liabilities of $864k, net assets of $19.6m. It reported 2,513 employees.