Claxton-Hepburn Medical Center Foundation

Analysis

Claxton-Hepburn Medical Center Foundation is a registered charity in United States, based in Ogdensburg, NY. It received its IRS tax-exemption ruling in April 1984, 42 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Claxton-Hepburn Medical Center Foundation reported income of $1.7m and spending of $257k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $1.7m (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Claxton-Hepburn Medical Center Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Canton Community Foundation Inc ($1.7m), Manna Meal Inc ($1.7m) and Prepass Government Solutions Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $4,635 (1.8% of expenses). Other salaries and wages came to $23k. At year end it held assets of $15.4m against liabilities of $149k, net assets of $15.2m.