Island Hospital Health Foundation

Analysis

Island Hospital Health Foundation is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Island Hospital Health Foundation reported income of $1.4m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.4m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Island Hospital Health Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Maine Center for Enterprise Development ($1.4m), New Beginnings of Central Florida Inc ($1.4m) and Montessori Childrens School Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $95k. At year end it held assets of $8.6m against liabilities of $78k, net assets of $8.6m.