Kettering Medical Center Foundation

Analysis

Kettering Medical Center Foundation is a registered charity in United States, based in Miamisburg, OH. It received its IRS tax-exemption ruling in December 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 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, Kettering Medical Center Foundation reported income of $3.2m and spending of $3.9m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 136% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kettering Medical Center Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Burlington County Cerebral Palsy Association Inc ($3.2m), Independent Health Foundation ($3.2m) and Axis Mundi Center for Mental Health ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $435k (11% of expenses). Other salaries and wages came to $805k. At year end it held assets of $18.6m against liabilities of $213k, net assets of $18.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.