HPM Foundation Inc

Analysis

HPM Foundation Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, HPM Foundation Inc reported income of $60.9m and spending of $57.1m, spending 94% of its income. Across the 6 years on record, from March 2018 to March 2023, income grew from $32.3m to $60.9m (+89%), an average of +14% a year. The sharpest change came in the year to March 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HPM Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PR. Charities of a similar size with the same main cause include Columbia Valley Community Health ($60.9m), Foundation for the National Institute of Health Inc ($61.0m) and Community Health Centers of the Rutland Region Inc ($60.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 14% and program service revenue 79% of the total. Other salaries and wages came to $9.1m. At year end it held assets of $32.9m against liabilities of $1.7m, net assets of $31.2m. It reported 281 employees.