Knox Community Hospital Foundation

Analysis

Knox Community Hospital Foundation is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Knox Community Hospital Foundation reported income of $205k and spending of $410k, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $205k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 615%. Over the whole period it spent 385% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Knox Community Hospital Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Newell Volunteer Fire Department Inc ($205k), South Newton Township Volunteer Fire Company ($205k) and Kimesville Community Fire Department and Rescue Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.4m against liabilities of $355, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.