Central Mesabi Medical Foundation

Analysis

Central Mesabi Medical Foundation is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in December 1967, 59 years ago. 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 December 2023, Central Mesabi Medical Foundation reported income of $218k and spending of $178k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $218k (-49%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Mesabi Medical Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Crockett Mission ($218k), Farragut Dugout Club Inc ($218k) and San Marino National Little League Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.