Adventhealth Foundation Inc

Analysis

Adventhealth Foundation Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in March 1983, 43 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, Adventhealth Foundation Inc reported income of $28.6m and spending of $22.6m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.5m to $28.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Adventhealth Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include HLTC Inc ($28.6m), Centro de Salud Familiar LA Fe Inc ($28.7m) and Family Service and Guidance Center of Topeka Inc ($28.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. It paid $116k in professional fundraising fees. At year end it held assets of $185.7m against liabilities of $4.7m, net assets of $181.0m.