Llano Hospital Foundation Inc

Analysis

Llano Hospital Foundation Inc is a registered charity in United States, based in Llano, TX. It received its IRS tax-exemption ruling in October 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Llano Hospital Foundation Inc reported income of $74k and spending of $410k, spending 556% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $438k to $74k (-83%), an average of -83% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Llano Hospital Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Salmon Creek Hospital Foundation ($74k), Rare Trait Hope Fund ($74k) and Simonton Cancer Counseling Center Charitable Trust ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.