Madison County Hospital Foundation Inc

Analysis

Madison County Hospital Foundation Inc is a registered charity in United States, based in London, OH. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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, Madison County Hospital Foundation Inc reported income of $484k and spending of $75k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $509k to $484k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 162% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison County Hospital Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include American Friends of the Natl Museum of Bermuda Inc ($483k), Laurel-Jones County Council-On-Aging Inc ($484k) and Pearl City Foundation ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $4.2m against liabilities of $1,476, net assets of $4.2m.