Western Maryland Health System Foundation Inc

Analysis

Western Maryland Health System Foundation Inc is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in May 2009, 17 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Western Maryland Health System Foundation Inc reported income of $3.3m and spending of $2.7m, spending 81% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.1m to $3.3m (+56%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 189%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Western Maryland Health System Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include The International Waldenstroms Macroglobulinemia Foundation Inc ($3.3m), Panhandle Regional Advisory Council Trauma Service Area a ($3.3m) and Faith Regional Health Services Foundation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% of the total. Other salaries and wages came to $444k. At year end it held assets of $20.3m against liabilities of $2.5m, net assets of $17.8m.