Catalina Island Medical Center Foundation Inc

Analysis

Catalina Island Medical Center Foundation Inc is a registered charity in United States, based in Avalon, CA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Catalina Island Medical Center Foundation Inc reported income of $679k and spending of $609k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $136k to $679k (+398%), an average of +49% a year. The sharpest change came in the year to June 2020, when income rose by 231%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catalina Island Medical Center Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include DFC Qalicb Inc ($679k), Intelligent Transportation Society of California ($679k) and Georgia Chamber of Commercefoundation Inc ($678k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.0m against liabilities of $125, net assets of $1.0m.