Community Memorial Hospital Foundation Inc

Analysis

Community Memorial Hospital Foundation Inc is a registered charity in United States, based in Hamilton, NY. It received its IRS tax-exemption ruling in August 2001, 25 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Memorial Hospital Foundation Inc reported income of $468k and spending of $258k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $468k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 102%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Memorial Hospital Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Hoboken Volunteer Ambulance Corp ($468k), Mother and Unborn Baby Care Inc ($468k) and Teen Challenge of the Smokies Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. It paid $76k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $146k, net assets of $3.1m.