Grinnell Regional Medical Center Foundation

Analysis

Grinnell Regional Medical Center Foundation is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grinnell Regional Medical Center Foundation reported income of $914k and spending of $496k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $914k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 36% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grinnell Regional Medical Center Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Mayfield Education and Research Fund ($913k), Taft Counseling Center Inc ($914k) and Emmaus Road Christian Counseling ($913k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $89k. At year end it held assets of $7.6m against liabilities of $232k, net assets of $7.4m.