Foundation for Health Advancement Inc

Analysis

Foundation for Health Advancement Inc is a registered charity in United States, based in Princeton, NJ. 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 June 2023, Foundation for Health Advancement Inc reported income of $68k and spending of $372k, spending 546% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $79k to $68k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2020, when income rose by 209%. Over the whole period it spent 364% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Health Advancement Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Kent Firefighters Foundation KFF Toys for Joy ($68k), Mikey Strong ($68k) and Beacon of Hope Medical Missions ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $510k against liabilities of $55k, net assets of $455k.

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.