Guardian Foundation Inc

Analysis

Guardian Foundation Inc is a registered charity in United States, based in Ooltewah, TN. It received its IRS tax-exemption ruling in August 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Guardian Foundation Inc reported income of $162.3m and spending of $163.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $110.8m to $162.3m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Guardian Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Elizabeth Glaser Pediatric AIDS Foundation ($162.3m), Lenoir Memorial Hospital Inc ($162.5m) and Uva Culpeper Medical Center ($162.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $433k (0.3% of expenses). Other salaries and wages came to $71.9m. At year end it held assets of $151.4m against liabilities of $103.0m, net assets of $48.4m. It reported 2,072 employees.