Shenandoah Medical Center Foundation

Analysis

Shenandoah Medical Center Foundation is a registered charity in United States, based in Shenandoah, IA. It received its IRS tax-exemption ruling in January 1999, 27 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shenandoah Medical Center Foundation reported income of $1.2m and spending of $2.4m, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $1.2m (+415%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shenandoah Medical Center Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Hanscom Fcu Charitable Foundation Inc ($1.2m), United Way of Southwest Georgia Inc ($1.2m) and Nonprofit Leadership Center of Tampa Bay Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $726k against liabilities of $19k, net assets of $707k.