Phillips County Healthcare Foundation Inc

Analysis

Phillips County Healthcare Foundation Inc is a registered charity in United States, based in Holyoke, CO. It received its IRS tax-exemption ruling in March 1995, 31 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Phillips County Healthcare Foundation Inc reported income of $207k and spending of $116k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $207k (-34%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. 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, Phillips County Healthcare Foundation Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Magnolia Support Group ($207k), Marvin Warroad Area Foundation ($207k) and Growing Years Childrens Academy ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $19k (16% of expenses). At year end it held assets of $409k against liabilities of $1,408, net assets of $407k. It reported 1 employees.