Maury Regional Healthcarefoundation

Analysis

Maury Regional Healthcarefoundation is a registered charity in United States, based in Columbia, TN. It received its IRS tax-exemption ruling in July 2007, 19 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 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 June 2023, Maury Regional Healthcarefoundation reported income of $1.5m and spending of $998k, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $929k to $1.5m (+59%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maury Regional Healthcarefoundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Tischer Creek Duluth Buildingcompany ($1.5m), Mount Kisco Interfaith Food Pantry Inc ($1.5m) and The Children Deserve a Chance Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $56k. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.