Madison Community Hospital Foundation Inc

Analysis

Madison Community Hospital Foundation Inc is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in August 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Community Hospital Foundation Inc reported income of $223k and spending of $183k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $167k to $223k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madison Community Hospital Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within SD. Charities of a similar size with the same main cause include Hope for Hie ($223k), Tacoma Orthopedic Association 18-528902 ($223k) and Smiling Goat Ranch Inc ($223k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $1.2m against liabilities of $2,701, net assets of $1.2m.