McCullough-Hyde Memorial Hospital Endowment Fund

Analysis

McCullough-Hyde Memorial Hospital Endowment Fund is a registered charity in United States, based in Oxford, OH. It received its IRS tax-exemption ruling in June 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, McCullough-Hyde Memorial Hospital Endowment Fund reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $959k to $1.2m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2020, when income dropped by 565%. Over the whole period it spent 360% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McCullough-Hyde Memorial Hospital Endowment Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Spring Manor of Carroll County ($1.2m), Madis House Inc ($1.2m) and The Ronald McDonald House of Galveston ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $19.2m against liabilities of $399k, net assets of $18.8m.