Overlake Hospital Foundation

Analysis

Overlake Hospital Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in January 1979, 47 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 (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, Overlake Hospital Foundation reported income of $19.2m and spending of $20.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.9m to $19.2m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Overlake Hospital Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include New York Academy of Medicine ($19.2m), American Academy of Addiction Psychiatry ($19.2m) and Hendricks Community Hospital Assn & Retirement Home ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $479k (2.4% of expenses). Other salaries and wages came to $881k. At year end it held assets of $22.5m against liabilities of $316k, net assets of $22.2m. It reported 14 employees.