Magruder Hospital Foundation

Analysis

Magruder Hospital Foundation is a registered charity in United States, based in Port Clinton, OH. It received its IRS tax-exemption ruling in July 2014, 12 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 ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Magruder Hospital Foundation reported income of $161k and spending of $41k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $161k (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 57% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Magruder Hospital Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Love the Tree of Life Clinic ($161k), Rhode Island Oral Health Foundation ($161k) and Whiskey Education Foundation ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $31k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.