Renown Health Foundation

Analysis

Renown Health Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Renown Health Foundation reported income of $16.9m and spending of $11.8m, leaving 30% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $5.8m to $16.9m (+189%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 337%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Renown Health Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NV. Charities of a similar size with the same main cause include West Central Wisconsin Community Action Agency Inc ($16.9m), West Holt Memorial Hospital ($16.9m) and The Minute Man Arc for Human Services Inc ($16.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $51.1m against liabilities of $1.1m, net assets of $50.1m.