Arnot Ogden Medical Center Foundation Inc

Analysis

Arnot Ogden Medical Center Foundation Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arnot Ogden Medical Center Foundation Inc reported income of $4.2m and spending of $7.1m, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.2m (+109%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 398%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arnot Ogden Medical Center Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Tupelo Childrens Mansion Ministries Inc ($4.2m), American Historical Association ($4.2m) and Mi Escuelita Preschool Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $14.1m against liabilities of $128k, net assets of $14.0m.