Owensboro Health Foundation Inc

Analysis

Owensboro Health Foundation Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in April 1994, 32 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 May 2024, Owensboro Health Foundation Inc reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.5m to $1.9m (+30%), an average of +6.8% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Owensboro Health Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include In-Home Care of Central Washington ($1.9m), Deep Medicine Circle ($1.9m) and Hiram Certified Home Care Company ($1.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $188k (9.7% of expenses). Other salaries and wages came to $407k. At year end it held assets of $6.8m against liabilities of $314k, net assets of $6.4m. It reported 5 employees.