North Central Texas Medical Foundation

Analysis

North Central Texas Medical Foundation is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, North Central Texas Medical Foundation reported income of $65k and spending of $61k, spending 93% of its income. Across the 4 years on record, from August 2019 to August 2022, income fell from $98k to $65k (-33%), an average of -13% a year. The sharpest change came in the year to August 2020, when income dropped by 165%. Over the whole period it spent 436% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Central Texas Medical Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Schleicher County Wellness Foundation Incorporated ($65k), Unity Intergroup ($65k) and Heartsprings ($65k).

At year end it held assets of $965k against liabilities of $76k, net assets of $888k.