Greater Fairbanks Community Hospital Foundation Inc

Analysis

Greater Fairbanks Community Hospital Foundation Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in November 1968, 58 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 December 2023, Greater Fairbanks Community Hospital Foundation Inc reported income of $48.3m and spending of $34.8m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.9m to $48.3m (+0.9%), an average of +0.2% a year. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Fairbanks Community Hospital Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AK. Charities of a similar size with the same main cause include St Lukes Hospital Inc ($48.2m), Fair Haven Community Health Clinic Inc ($48.3m) and Trinidad Area Health Association ($48.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $103k (0.3% of expenses). Other salaries and wages came to $198k. At year end it held assets of $516.2m against liabilities of $95.5m, net assets of $420.7m.