Mary Greeley Medical Center Foundation

Analysis

Mary Greeley Medical Center Foundation is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in June 1970, 56 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, Mary Greeley Medical Center Foundation reported income of $3.3m and spending of $2.5m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.3m (+61%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Greeley Medical Center Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Coalition for Independent Living Options Inc ($3.3m), South Carolina Infant Young Child Mental Health Association ($3.3m) and Delta Dental of South Dakota Foundation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $167k (6.8% of expenses). Other salaries and wages came to $134k. At year end it held assets of $16.9m against liabilities of $459k, net assets of $16.5m.