Henderson Memorial Hospital Foundation

Analysis

Henderson Memorial Hospital Foundation is a registered charity in United States, based in Henderson, TX. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Henderson Memorial Hospital Foundation reported income of $719k and spending of $173k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $311k to $719k (+131%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 251%. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Henderson Memorial Hospital Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Share Omaha ($718k), Colorado Community Land Trust-Denver LLC ($719k) and Pinion Street Foundation ($718k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $4.0m against liabilities of $5,306, net assets of $4.0m.