Albemarle Hospital Foundation

Analysis

Albemarle Hospital Foundation is a registered charity in United States, based in Elizabeth Cty, NC. It received its IRS tax-exemption ruling in April 2004, 22 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 September 2023, Albemarle Hospital Foundation reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $996k to $1.2m (+25%), an average of +5.7% a year. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Albemarle Hospital Foundation sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Community Health Network of Connecticut Holdings Inc ($1.2m), Bina Stroke and Brain Injury Assistance Inc ($1.2m) and Center for Psychosocial Development Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $90k (8.2% of expenses). Other salaries and wages came to $696k. At year end it held assets of $1.7m against liabilities of $317k, net assets of $1.4m. It reported 16 employees.