Major Hospital Foundation

Analysis

Major Hospital Foundation is a registered charity in United States, based in Shelbyville, IN. It received its IRS tax-exemption ruling in November 1971, 55 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, Major Hospital Foundation reported income of $1.3m and spending of $837k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $976k to $1.3m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Major Hospital Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include West Valley Counseling Center a Non-Profit Organization ($1.3m), Mississippi Trauma Care System Foundation Inc ($1.3m) and Care Net Pregnancy Center of Albuquerque ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $123k (15% of expenses). Other salaries and wages came to $62k. At year end it held assets of $8.6m against liabilities of $108k, net assets of $8.5m. It reported 4 employees.