Healthcare Foundation of Cleveland County

Analysis

Healthcare Foundation of Cleveland County is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Healthcare Foundation of Cleveland County reported income of $252k and spending of $169k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $382k to $252k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healthcare Foundation of Cleveland County sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Single Parent in Need Foundation ($252k), Childrens Medical Research Foundation Inc ($252k) and Gestalt Training Institute of Philadelphia ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.