Washington Hospital Foundation

Analysis

Washington Hospital Foundation is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in June 1983, 43 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 June 2023, Washington Hospital Foundation reported income of $3.7m and spending of $666k, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $3.7m (+236%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washington Hospital Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include National Aftican American Male Wellness Agency ($3.7m), Governors Institute ($3.7m) and A Haven ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m.