Knoxville Area Community Hospital Foundation

Analysis

Knoxville Area Community Hospital Foundation is a registered charity in United States, based in Knoxville, IA. It received its IRS tax-exemption ruling in July 2004, 22 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 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 June 2023, Knoxville Area Community Hospital Foundation reported income of $405k and spending of $81k, leaving 80% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $149k to $405k (+172%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 2521%. Over the whole period it spent 5.5% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Knoxville Area Community Hospital Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within IA. Charities of a similar size with the same main cause include Endless Highway Inc ($405k), Payne Foundation ($405k) and Urban Family Sports Inc ($405k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $8.1m against liabilities of $1,110, net assets of $8.1m.