Onslow Health Foundation

Analysis

Onslow Health Foundation is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in August 1991, 35 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 September 2023, Onslow Health Foundation reported income of $466k and spending of $686k, spending 147% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $179k to $466k (+160%), an average of +27% a year. The sharpest change came in the year to September 2021, when income rose by 46%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Onslow Health Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Maui Hui Malama ($466k), Volunteers of America Inc ($466k) and Memphis Center for Independent Liv ($466k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $1.0m against liabilities of $7,444, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.