Memorial Hospital of Craig Foundation Inc

Analysis

Memorial Hospital of Craig Foundation Inc is a registered charity in United States, based in Craig, CO. It received its IRS tax-exemption ruling in October 2002, 24 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memorial Hospital of Craig Foundation Inc reported income of $136k and spending of $119k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $136k (-44%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital of Craig Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within CO. Charities of a similar size with the same main cause include Peer Recovery Resources Inc ($136k), Norfolk Volunteer Rescue Squad Inc ($136k) and Small Steps Recovery Housing ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $29k (24% of expenses). At year end it held assets of $272k against liabilities of $0, net assets of $272k.