Foundation for Marshall Medicalcenters Inc

Analysis

Foundation for Marshall Medicalcenters Inc is a registered charity in United States, based in Guntersville, AL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Foundation for Marshall Medicalcenters Inc reported income of $555k and spending of $418k, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $505k to $555k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to September 2020, when income rose by 172%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Marshall Medicalcenters Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Stranahan Supporting Organization ($555k), The Lexington Cancer Foundation Inc ($556k) and Green Valley Community Fund Inc ($555k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.