Medical Center Foundation of Hartford Inc

Analysis

Medical Center Foundation of Hartford Inc is a registered charity in United States, based in Hartford, WI. It received its IRS tax-exemption ruling in April 1972, 54 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medical Center Foundation of Hartford Inc reported income of $361k and spending of $152k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $403k to $361k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Center Foundation of Hartford Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Christian Acres ($361k), Front Royal-Warren County C-Cap ($361k) and Georgia Young Farmers Association Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $66k (43% of expenses). At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m. It reported 1 employees.