Cherokee Regional Medical Center Foundation

Analysis

Cherokee Regional Medical Center Foundation is a registered charity in United States, based in Cherokee, IA. It received its IRS tax-exemption ruling in May 2008, 18 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 December 2023, Cherokee Regional Medical Center Foundation reported income of $219k and spending of $25k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $219k (+264%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 511%. Over the whole period it spent 7.2% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cherokee Regional Medical Center Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Interleukin Foundation ($219k), Union Hospital Auxiliary ($219k) and Central California Fellowship of Alcoholics Anonymous ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.