Honorhealth Foundation

Analysis

Honorhealth Foundation is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in June 1985, 41 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 (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, Honorhealth Foundation reported income of $29.7m and spending of $35.3m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $41.4m to $29.7m (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Honorhealth Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Senior Total Life Care ($29.7m), Erie Homes for Children and Adults Inc ($29.7m) and Childserve Habilitation Center Inc ($29.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $959k (2.7% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $325.4m against liabilities of $12.1m, net assets of $313.3m.