Goodland Medical Foundation

Analysis

Goodland Medical Foundation is a registered charity in United States, based in Goodland, KS. It received its IRS tax-exemption ruling in March 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goodland Medical Foundation reported income of $134k and spending of $30k, leaving 78% of income unspent that year. Across the 6 years on record, from December 2017 to December 2023, income grew from $7,668 to $134k (+1647%), an average of +77% a year. The sharpest change came in the year to December 2021, when income rose by 3615%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Goodland Medical Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within KS. Charities of a similar size with the same main cause include Ontario High School Booster Club ($134k), Avkare Charities ($134k) and Brick House School Incorporated ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $501k against liabilities of $180k, net assets of $322k.