Montgomery County Memorial Hospital Foundation

Analysis

Montgomery County Memorial Hospital Foundation is a registered charity in United States, based in Red Oak, IA. It received its IRS tax-exemption ruling in May 1984, 42 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, Montgomery County Memorial Hospital Foundation reported income of $119k and spending of $137k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $119k (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery County Memorial Hospital Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Cape May City Volunteer Fire Dept ($119k), Cordova Community Center ($119k) and Association of Fundraising Professionals ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.