Fairmont Community Hospital Foundation

Analysis

Fairmont Community Hospital Foundation is a registered charity in United States, based in Fairmont, MN. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Fairmont Community Hospital Foundation reported income of $979k and spending of $475k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $979k (+152%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 229%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairmont Community Hospital Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Pregnancy Help 4 U Inc ($979k), Nueva Vida Inc ($979k) and Ronald McDonald House Charities of El Paso Inc ($979k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $45k. At year end it held assets of $5.8m against liabilities of $369k, net assets of $5.5m. It reported 1 employees.