Foundation for Healthy Generations

Analysis

Foundation for Healthy Generations is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in April 1975, 51 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 December 2023, Foundation for Healthy Generations reported income of $556k and spending of $573k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $556k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 77%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Healthy Generations sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Genesis Sober Living Inc ($556k), Cottonwood Medical Clinic Inc ($556k) and Ammonia Safety and Training Institute ($555k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $171k (30% of expenses). Other salaries and wages came to $177k. At year end it held assets of $7.5m against liabilities of $50k, net assets of $7.5m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.