Memorial Hospital Foundation

Analysis

Memorial Hospital Foundation is a registered charity in United States, based in Jasper, IN. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memorial Hospital Foundation reported income of $2.2m and spending of $1.2m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.2m (+77%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 95%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital Foundation 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 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Infirmary Foundation Inc ($2.2m), Qlarant Foundation Inc ($2.2m) and National AIDS Memorial Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $13.9m against liabilities of $0, net assets of $13.9m.