Florida Hospital Waterman Foundation Inc

Analysis

Florida Hospital Waterman Foundation Inc is a registered charity in United States, based in Tavares, FL. It received its IRS tax-exemption ruling in July 1984, 42 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 2023, Florida Hospital Waterman Foundation Inc reported income of $4.3m and spending of $3.1m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.7m to $4.3m (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Florida Hospital Waterman Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include T1d Exchange Inc ($4.3m), The Menopause Society ($4.3m) and Rural Wisconsin Health Cooperativeinformation Technology Network ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $222k (7.1% of expenses). Other salaries and wages came to $426k. At year end it held assets of $37.7m against liabilities of $186k, net assets of $37.5m.