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Benevolent Healthcare Foundation

Also known as Project Cure

Centennial, CO · EIN 84-1568566 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Benevolent Healthcare Foundation reported $95.7 million in revenue and $110.5 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $97.18 went to program services, $0.53 to management and general costs and $2.29 to fundraising. Its largest source of revenue was contributions and grants: 98.7% of the total. The highest compensation it reported for one person was $336,041 (PRESIDENT & CEO). 8 people received more than $100,000 in reportable compensation. Revenue rose 63% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $111M

For context, the median across 314 covered diseases, disorders & medical disciplines charities: $88.73 programs, $10.89 management, $0.38 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $96M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 314 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
97.2%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
0.5%10.6%
Fundraising
Part IX 25(D) ÷ 25(A)
2.3%0.4%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.03$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
98.7%24.7%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%0.6%
Program service revenue share
Part VIII 2g ÷ 12
0.0%59.5%
Highest reported compensation
Part VII-A, columns D–F
$336,041$391,657
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.30%1.45%
People paid over $100,000
Part VII, line 2
810
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
12.07.6
Independent voting board members
Part VI 1a–1b
6 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$107M expenses · 100.0% of program spending

Project c.u.r.e. Distributes medical equipment and supplies to the most desperately needy people of the world. Since inception, we have delivered medical cargo loads to more than 135 countries

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO
Director/trustee, officer, 60.00 hrs/week
$300,140$0$35,901$336,041
VP OF OPERATIONS
Officer, 50.00 hrs/week
$220,980$0$8,470$229,450
CHIEF OF STAFF TO THE PRES
Highest compensated employee, 45.00 hrs/week
$124,434$0$13,386$137,820
EXECUTIVE DIRECTOR - HOUSTON
Highest compensated employee, 45.00 hrs/week
$120,492$0$13,807$134,299
CHIEF OF GOVERNMENT & NGO
Highest compensated employee, 45.00 hrs/week
$122,765$0$5,773$128,538
DIR. OF PROGRAM MANAGEMENT
Highest compensated employee, 45.00 hrs/week
$113,241$0$13,173$126,414
EXECUTIVE DIRECTOR - PHOENIX
Highest compensated employee, 45.00 hrs/week
$106,185$0$13,984$120,169

8 people received more than $100,000 in reportable compensation from Benevolent Healthcare Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $578K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$96M$111M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$96M$111M97.2%$111M$336,041
FY2024 ⓘ$91M$73M96.2%$125M$299,904
FY2023 ⓘ$65M$83M96.8%$108M$258,347
FY2022 ⓘ$61M$71M96.9%$125M$252,332
FY2021 ⓘ$128M$71M97.3%$136M$256,998
FY2020 ⓘ$59M$58M96.6%$78M$210,931

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 542
  • Volunteers Part I, line 617,377

Private foundation grants it received

6 private foundations reported grants to Benevolent Healthcare Foundation totaling $229K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Benevolent Healthcare Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Benevolent Healthcare Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All diseases, disorders & medical disciplines charities · Largest charities in Colorado

Questions people ask

How much of Benevolent Healthcare Foundation's spending goes to programs?

In the fiscal year ending May 31, 2025, Benevolent Healthcare Foundation reported that 97.2% of its $110.5 million in expenses went to program services, 0.5% to management and general and 2.3% to fundraising (Form 990, Part IX).

How much does Benevolent Healthcare Foundation pay its top executive?

The largest total compensation Benevolent Healthcare Foundation reported for one person in the fiscal year ending May 31, 2025 was $336,041, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Benevolent Healthcare Foundation get its money?

Of $95.7 million in revenue in the fiscal year ending May 31, 2025, 98.7% came from contributions and grants (including 0.2% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Benevolent Healthcare Foundation a registered charity?

The IRS lists EIN 84-1568566 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202600349349301910 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202510519349300431 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202440179349300449 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202321049349300007 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202200529349301100 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202120149349300417 · read the filing

All filings for EIN 84-1568566: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.