The Health Care Foundation

Analysis

The Health Care Foundation is a registered charity in United States, based in Longview, WA. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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 2024, The Health Care Foundation reported income of $578k and spending of $606k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $396k to $578k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 106%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Health Care Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include U S Assoc for Intl Migration ($577k), Hingham Community Nursery School Inc ($578k) and University of Alabama School of Dentistry Alumni Association ($577k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 28% of the total. Compensation of current officers, directors and key employees was $38k (6.2% of expenses). At year end it held assets of $8.9m against liabilities of $207k, net assets of $8.7m.