Margaretville Health Foundation

Analysis

Margaretville Health Foundation is a registered charity in United States, based in Margaretville, NY. It received its IRS tax-exemption ruling in July 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Margaretville Health Foundation reported income of $142k and spending of $43k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $142k (+117%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Margaretville Health Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Irelands Dream Inc ($142k), MLD Foundation ($142k) and Flynn Fellowship Homes of Gastonia Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $7,430. At year end it held assets of $471k against liabilities of $3,971, net assets of $467k.