Jackson County Schneck Memorial Hospital Foundation Inc

Analysis

Jackson County Schneck Memorial Hospital Foundation Inc is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in October 1956, 70 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, Jackson County Schneck Memorial Hospital Foundation Inc reported income of $811k and spending of $1.0m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $903k to $811k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jackson County Schneck Memorial Hospital Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Abilene Philharmonic Association ($810k), Friends of the Museum North Carolina Maritime Museum Inc ($811k) and Gun Owners Foundation ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. It paid $41k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $5,000, net assets of $3.7m.