Chenango Memorial Hospital Foundation Inc

Analysis

Chenango Memorial Hospital Foundation Inc is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Chenango Memorial Hospital Foundation Inc reported income of $542k and spending of $971k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $542k (-90%), an average of -44% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chenango Memorial Hospital Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include National Church Residences of ($541k), Bach Collegium San Diego ($542k) and Pediatric Pharmacy Advocacy Group Inc ($541k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $7.1m against liabilities of $214k, net assets of $6.9m.