Fred Hollows Foundation USA

Analysis

Fred Hollows Foundation USA is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Fred Hollows Foundation USA reported income of $1.5m and spending of $1.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $667k to $1.5m (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fred Hollows Foundation USA sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Phils Friends ($1.5m), Water Street Health Services ($1.5m) and Hanover Hospital Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $437k. At year end it held assets of $512k against liabilities of $52k, net assets of $460k. It reported 5 employees.