Healthcare Sterile Processing Association Foundation

Analysis

Healthcare Sterile Processing Association Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 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 (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, Healthcare Sterile Processing Association Foundation reported income of $97k and spending of $93k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $114k to $97k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Healthcare Sterile Processing Association Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Calumet Area Community Health Foundation Inc ($97k), United Way of Hunt County Incorporated ($97k) and Alexander Family Philanthropic Education Foundation Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $261k against liabilities of $22k, net assets of $239k.