Touro Infirmary Foundation

Analysis

Touro Infirmary Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Touro Infirmary Foundation reported income of $4.7m and spending of $711k, leaving 85% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.9m to $4.7m (+152%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 29% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Touro Infirmary Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Center of Hope ($4.7m), Make a Wish Foundation of Alabama Inc ($4.7m) and Visiting Nurse Service of Ithaca and Tompkins County Inc ($4.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 8.0% of the total. Other salaries and wages came to $115k. At year end it held assets of $57.8m against liabilities of $1.1m, net assets of $56.7m.