Matagorda Regional Medical Center Foundation

Analysis

Matagorda Regional Medical Center Foundation is a registered charity in United States, based in Bay City, TX. It received its IRS tax-exemption ruling in September 2004, 22 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, Matagorda Regional Medical Center Foundation reported income of $196k and spending of $72k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $196k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Matagorda Regional Medical Center Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Wescoe Foundation for Pulmonary Fibrosis Inc ($196k), Equestrian Bridges Inc ($196k) and Whole Living Recovery ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.