Freeport Regional Health Care Found Ation
1045 W Stephenson St, Freeport, IL · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $44,791,477 | $70,026,349 | $4,033,245 |
| FY2023 | $44,131,773 | $69,216,336 | $5,292,576 |
| FY2022 | $42,848,160 | $69,460,061 | $3,055,292 |
| FY2021 | $45,400,897 | $69,950,565 | $2,218,469 |
| FY2020 | $41,530,197 | $65,048,196 | $1,413,092 |
| FY2019 | $44,654,917 | $67,459,815 | $2,691,457 |
| FY2018 | $43,640,211 | $68,674,976 | $1,360,024 |
| FY2017 | $50,143,768 | $76,857,086 | $2,176,305 |
| FY2016 | $54,908,770 | $77,256,055 | $31,283,017 |
| FY2015 | $54,252,835 | $78,091,697 | $23,018,106 |
| FY2014 | $53,561,059 | $76,436,170 | $20,497,200 |
| FY2013 | $53,097,024 | $76,185,041 | $20,535,152 |
| FY2012 | $53,138,346 | $76,260,473 | $19,146,971 |
| FY2011 | $53,725,174 | $72,324,087 | $20,476,849 |
Form 990 filings
The returns filed by Freeport Regional Health Care Found Ation (EIN 36-3290904), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $416,542 | 1% |
| Program service revenue | $42,116,307 | 94% |
| Other revenue | $2,258,628 | 5% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $46,615,119 | 67% |
| Management & general | $23,111,531 | 33% |
| Fundraising | $299,699 | <1% |
What the numbers show
- Program service revenue made up 94% of total revenue in FY2024.
- Program services accounted for 67% of functional expenses, management & general 33%, and fundraising 0%.
- 67% of functional expenses went to program services in FY2024. That is higher than 6.9% of 188 Health Care organizations in IL.
- Net assets covered about 0.7 months of expenses at the end of the reporting year. That puts it in the 9th percentile among 690 Health Care organizations in IL.
- Total revenue was higher than 83.1% of 708 Health Care organizations in IL.
- Total revenue fell from $53,725,174 in FY2011 to $44,791,477 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $54,908,770 in FY2016.
- Net assets declined from $20,476,849 to $4,033,245 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES, WORKING TOGETHER WITH THOSE WE SERVE
IRS status
| Ruling year | 1985 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — Health Care (in IL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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