Boca Raton Regional Hospital Foundation Inc

Analysis

Boca Raton Regional Hospital Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Boca Raton Regional Hospital Foundation Inc reported income of $48.7m and spending of $55.3m, spending 114% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income fell from $50.0m to $48.7m (-2.5%), an average of -0.5% a year. The sharpest change came in the year to September 2020, when income rose by 1018%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boca Raton Regional Hospital Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Dtcare ($48.0m), Black Hills Works Inc ($49.4m) and Hope Services ($48.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 102% of the total. It paid $352k in professional fundraising fees. At year end it held assets of $380.5m against liabilities of $2.6m, net assets of $377.9m.