Cahaba Medical Care Foundation

Analysis

Cahaba Medical Care Foundation is a registered charity in United States, based in Centreville, AL. It received its IRS tax-exemption ruling in April 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cahaba Medical Care Foundation reported income of $61.9m and spending of $60.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.8m to $61.9m (+131%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cahaba Medical Care Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Montefiore Mount Vernon Hospital ($61.7m), Baylor Health Care System ($61.9m) and Harmony Health Care Long Island ($61.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $929k (1.5% of expenses). Other salaries and wages came to $34.0m. At year end it held assets of $28.1m against liabilities of $17.6m, net assets of $10.5m. It reported 813 employees.