Banner Health Foundation

Analysis

Banner Health Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in June 2001, 25 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, Banner Health Foundation reported income of $25.7m and spending of $25.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.9m to $25.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Banner Health Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within AZ. Charities of a similar size with the same main cause include Therapeutic Health Services ($25.7m), St Vincent Jennings Hospital Inc ($25.7m) and Uvmc Nursing Care Inc ($25.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $2.3m (9.1% of expenses). Other salaries and wages came to $1.9m. It paid $191k in professional fundraising fees. At year end it held assets of $163.7m against liabilities of $11.1m, net assets of $152.6m. It reported 32 employees.