Community Memorial Hospital Foundation

Analysis

Community Memorial Hospital Foundation is a registered charity in United States, based in Hicksville, OH. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Memorial Hospital Foundation reported income of $330k and spending of $119k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $330k (+536%), an average of +536% a year. The sharpest change came in the year to December 2023, when income rose by 536%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Memorial Hospital Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Bet Shemesh Educational Center Inc ($330k), Angelina County Community Fund Inc ($330k) and Kapnick Fund Inc ($329k).

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 $717k against liabilities of $0, net assets of $717k.