Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc

Analysis

Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc reported income of $602k and spending of $304k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $133k to $602k (+352%), an average of +46% a year. The sharpest change came in the year to June 2020, when income rose by 867%. Over the whole period it spent 23% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cortland Memorial Foundation Ind C O Cortland Memorial Hospital Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Brandon Area Rescue Squad Inc ($601k), Respite for All Foundation ($602k) and Connecticut United for Research Excellence Inc ($601k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $8.5m against liabilities of $28k, net assets of $8.5m.