Fallbrook Healthcare Foundation Inc

Analysis

Fallbrook Healthcare Foundation Inc is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in September 1979, 47 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, Fallbrook Healthcare Foundation Inc reported income of $650k and spending of $810k, spending 125% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $767k to $650k (-15%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income rose by 137%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fallbrook Healthcare Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include One Summit Inc ($650k), Medical Soceity of Sedgwick County Physician Leadership Alliance ($650k) and Pine-Eagle Health Planning Committee ($649k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $118k (15% of expenses). Other salaries and wages came to $391k. At year end it held assets of $863k against liabilities of $38k, net assets of $825k. It reported 20 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.