Friends of CMH Sumner Community Memorial Hospital Foundation

Analysis

Friends of CMH Sumner Community Memorial Hospital Foundation is a registered charity in United States, based in Sumner, IA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of CMH Sumner Community Memorial Hospital Foundation reported income of $81k and spending of $157k, spending 193% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $377k to $81k (-78%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 80%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of CMH Sumner Community Memorial Hospital Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within IA. Charities of a similar size with the same main cause include Farm School Foundation Inc ($81k), A B L E Foundation Inc ($81k) and Osage Valley Electric Community Trust ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $704k against liabilities of $0, net assets of $704k.