Northern Kentucky Medical Foundation Inc

Analysis

Northern Kentucky Medical Foundation Inc is a registered charity in United States, based in Alexandria, KY. It received its IRS tax-exemption ruling in February 2001, 25 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, Northern Kentucky Medical Foundation Inc reported income of $55k and spending of $31k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $66k to $55k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northern Kentucky Medical Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within KY. Charities of a similar size with the same main cause include Circleville Boosters for Private Funding Inc ($55k), Hugz4haiti ($55k) and Fox Point Bayside Educational Foundation Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% of the total. At year end it held assets of $737k against liabilities of $0, net assets of $737k.