Westfield Memorial Hospital Foundation Inc

Analysis

Westfield Memorial Hospital Foundation Inc is a registered charity in United States, based in Westfield, NY. It received its IRS tax-exemption ruling in September 1982, 44 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, Westfield Memorial Hospital Foundation Inc reported income of $553k and spending of $365k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $553k (+112%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Westfield Memorial Hospital Foundation Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Under the Same Sun Foundation USA ($553k), Capital Community Foundation Inc ($554k) and Social Venture Partners ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.3m against liabilities of $5,050, net assets of $1.3m.