Falls Memorial Hospital Foundation Inc

Analysis

Falls Memorial Hospital Foundation Inc is a registered charity in United States, based in Intl Falls, MN. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Falls Memorial Hospital Foundation Inc reported income of $67k and spending of $59k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $67k (+4.1%), an average of +4.1% a year. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Falls Memorial Hospital Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Sertoma Inc ($67k), Carlin C Coppin Parent Teacher Club ($68k) and Hedgeye Cares Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.