Foundation Health Services Inc

Analysis

Foundation Health Services Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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 December 2023, Foundation Health Services Inc reported income of $26.2m and spending of $22.9m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.6m to $26.2m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation Health Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include South Michigan Food Bank ($26.2m), Meals on Wheels of San Francisco Inc ($26.2m) and B U I L D Incorporated ($26.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. Other salaries and wages came to $10.1m. At year end it held assets of $15.7m against liabilities of $13.7m, net assets of $2.0m. It reported 573 employees.