James Lawrence Kernan Hospital Endowment Fund Incorporated

Analysis

James Lawrence Kernan Hospital Endowment Fund Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, James Lawrence Kernan Hospital Endowment Fund Incorporated reported income of $1.3m and spending of $7.0m, spending 531% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.3m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 255%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, James Lawrence Kernan Hospital Endowment Fund Incorporated 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 81st percentile within MD. Charities of a similar size with the same main cause include Spastic Paraplegia Foundation Inc ($1.3m), Lower Valley Ambulance Service ($1.3m) and Open Source Imaging Consortium Inc ($1.3m).

At year end it held assets of $37.6m against liabilities of $0, net assets of $37.6m.