Benevolent Healthcare Foundation

Analysis

Benevolent Healthcare Foundation is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in February 2001, 25 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 May 2023, Benevolent Healthcare Foundation reported income of $65.3m and spending of $82.9m, spending 127% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $75.8m to $65.3m (-14%), an average of -3.7% a year. The sharpest change came in the year to May 2021, when income rose by 119%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Benevolent Healthcare Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Neighborhood Outreach Access to Health ($65.3m), Texas Childrens Hospital Foundation ($65.3m) and The Fortune Society Inc ($65.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $587k (0.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $114.8m against liabilities of $7.1m, net assets of $107.7m. It reported 51 employees.