Massena Memorial Hospital Foundation Inc

Analysis

Massena Memorial Hospital Foundation Inc is a registered charity in United States, based in Massena, NY. It received its IRS tax-exemption ruling in May 1985, 41 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 December 2023, Massena Memorial Hospital Foundation Inc reported income of $131k and spending of $152k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $193k to $131k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Massena 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 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include DPC Education Center ($131k), Laurens First and Goal Foundation Inc ($131k) and Madelia Health Foundation ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. Compensation of current officers, directors and key employees was $66k (44% of expenses). Other salaries and wages came to $30k. At year end it held assets of $2.0m against liabilities of $38k, net assets of $2.0m. It reported 2 employees.