Foundation Health LLC

Analysis

Foundation Health LLC is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation Health LLC reported income of $357.5m and spending of $364.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312.9m to $357.5m (+14%), an average of +3.4% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation Health LLC sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within AK. Charities of a similar size with the same main cause include Gettysburg Hospital ($357.4m), St Mary Medical Center Inc ($358.4m) and Marshfield Clinic Health System Inc ($356.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.2m (1.2% of expenses). Other salaries and wages came to $186.3m. At year end it held assets of $99.2m against liabilities of $46.3m, net assets of $52.9m. It reported 2,503 employees.