Virgin Islands Healthcare Foundation Inc

Analysis

Virgin Islands Healthcare Foundation Inc is a registered charity in United States, based in Christiansted, VI. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2022, Virgin Islands Healthcare Foundation Inc reported income of $1.2m and spending of $257k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $22k to $1.2m (+5093%), an average of +5093% a year. The sharpest change came in the year to December 2022, when income rose by 5093%. Over the whole period it spent 22% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Virgin Islands Healthcare Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 87th percentile within VI. Charities of a similar size with the same main cause include Logan Community Services Inc ($1.2m), Cancer League of Colorado Inc ($1.2m) and Regenmed Development Organization ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $976k against liabilities of $316, net assets of $975k.