Community Hospital Anderson Foundation Inc

Analysis

Community Hospital Anderson Foundation Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Community Hospital Anderson Foundation Inc reported income of $806k and spending of $3.2m, spending 398% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.2m to $806k (-94%), an average of -50% a year. The sharpest change came in the year to December 2021, when income rose by 1712%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Hospital Anderson Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Cabell Wayne Association of the Blind Inc ($806k), Have a Heart Foundation Inc ($806k) and CCB Foundation Inc ($806k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $221k (6.9% of expenses). Other salaries and wages came to $102k. At year end it held assets of $15.5m against liabilities of $1.4m, net assets of $14.0m. It reported 2 employees.