Brunswick Novant Medical Center Foundation

Analysis

Brunswick Novant Medical Center Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in July 2013, 13 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 (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, Brunswick Novant Medical Center Foundation reported income of $139k and spending of $297k, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $199k to $139k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 458%. Over the whole period it spent 15% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brunswick Novant Medical Center 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 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include On Our Own of St Marys Inc ($139k), Hubert Apartments Inc ($139k) and Mama Bear Effect Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $11.4m against liabilities of $14k, net assets of $11.4m.