Cherry County Hospital Foundation

Analysis

Cherry County Hospital Foundation is a registered charity in United States, based in Valentine, NE. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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 December 2023, Cherry County Hospital Foundation reported income of $114k and spending of $1,554, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $114k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cherry County Hospital Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($113k), Stephenson County Historical Society ($114k) and Storm Lake School District Foundation ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.