Holton Community Hospital Foundation

Analysis

Holton Community Hospital Foundation is a registered charity in United States, based in Holton, KS. It received its IRS tax-exemption ruling in November 2016, 10 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 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 March 2023, Holton Community Hospital Foundation reported income of $108k and spending of $292k, spending 271% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $1.1m to $108k (-90%), an average of -53% a year. The sharpest change came in the year to March 2021, when income dropped by 83%. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Holton Community Hospital Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within KS. Charities of a similar size with the same main cause include Angies Angels ($108k), Team Continuum Inc ($108k) and Morris H Kates Foundation ($107k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 121% of the total. Other salaries and wages came to $30k. At year end it held assets of $300k against liabilities of $2,617, net assets of $297k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.