Hospital Bed Project Inc

Analysis

Hospital Bed Project Inc is a registered charity in United States, based in Amston, CT. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hospital Bed Project Inc reported income of $184k and spending of $158k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $184k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospital Bed Project Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Alano Foundation ($184k), Smiles for Latin America ($184k) and Parkinsons Community Los Angeles ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $60k (38% of expenses). Other salaries and wages came to $36k. At year end it held assets of $50k against liabilities of $7,335, net assets of $43k. It reported 6 employees.