Grundy County Memorial Hospital Foundation

Analysis

Grundy County Memorial Hospital Foundation is a registered charity in United States, based in Grundy Center, IA. It received its IRS tax-exemption ruling in November 1990, 36 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 June 2024, Grundy County Memorial Hospital Foundation reported income of $619k and spending of $525k, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $319k to $619k (+94%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 305%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grundy County Memorial Hospital Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within IA. Charities of a similar size with the same main cause include Harriet Lane Home for Invalid Children of Baltimore City ($619k), The Palms Retirement Center Inc ($619k) and Daughters of Sarah Jewish Foundation Inc ($619k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.