Iberia Medical Center Foundation

Analysis

Iberia Medical Center Foundation is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Iberia Medical Center Foundation reported income of $80k and spending of $22k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $80k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iberia Medical Center Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within LA. Charities of a similar size with the same main cause include Diamonds Over Georgia Charities Inc ($80k), Brighter Side of Down Syndrome of San Joaquin County ($80k) and Greenwich Township Emergency Squad Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $429k against liabilities of $0, net assets of $429k.