Cooperstown Medical Center Foundation

Analysis

Cooperstown Medical Center Foundation is a registered charity in United States, based in Cooperstown, ND. It received its IRS tax-exemption ruling in February 1957, 69 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2022, Cooperstown Medical Center Foundation reported income of $835k and spending of $54k, leaving 93% of income unspent that year. Across the 2 years on record, from June 2021 to June 2022, income fell from $1.2m to $835k (-32%), an average of -32% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cooperstown Medical Center Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within ND. Charities of a similar size with the same main cause include Montana State University Bobcat Club ($835k), Habitat for Humanity International Inc ($836k) and Mental Health Association in Fayette County ($835k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. It paid $32k in professional fundraising fees. At year end it held assets of $2.5m against liabilities of $494k, net assets of $2.0m.