Florida Hospital Association Research and Education Foundation

Analysis

Florida Hospital Association Research and Education Foundation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1964, 62 years ago. 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 2022, Florida Hospital Association Research and Education Foundation reported income of $1.4m and spending of $585k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $318k to $1.4m (+351%), an average of +65% a year. The sharpest change came in the year to December 2022, when income rose by 600%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Hospital Association Research and Education Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Law Enforcement Training Advisory Commission ($1.4m), Johnstown Educational Foundation ($1.4m) and Kentucky Council on Child Abuse Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% and program service revenue 4.2% of the total. At year end it held assets of $5.3m against liabilities of $43k, net assets of $5.3m.