Foundation for Health Care Continuums

Analysis

Foundation for Health Care Continuums is a registered charity in United States, based in Sartell, MN. It received its IRS tax-exemption ruling in February 1997, 29 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 September 2023, Foundation for Health Care Continuums reported income of $37.7m and spending of $37.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $37.8m to $37.7m (-0.1%), an average of +-0.0% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Health Care Continuums sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Alzheimers Disease Research Foundation ($37.7m), Umpqua Community Health Center Inc ($37.7m) and Community Healthcare System Inc ($37.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $583k (1.5% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $64.5m against liabilities of $57.6m, net assets of $6.8m. It reported 815 employees.