Glendale Memorial Health Foundation

Analysis

Glendale Memorial Health Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glendale Memorial Health Foundation reported income of $1.3m and spending of $1.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.3m (-31%), an average of -8.9% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Glendale Memorial Health Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Center for Health Equity Inc ($1.3m), Seeds of Life Inc ($1.3m) and Amani Global Works ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 108% of the total. It paid $10k in professional fundraising fees. At year end it held assets of $8.5m against liabilities of $437k, net assets of $8.1m.