Gothenburg Memorial Hospital Foundation

Analysis

Gothenburg Memorial Hospital Foundation is a registered charity in United States, based in Gothenburg, NE. It received its IRS tax-exemption ruling in July 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gothenburg Memorial Hospital Foundation reported income of $154k and spending of $26k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $557k to $154k (-72%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 19% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gothenburg Memorial Hospital Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NE. Charities of a similar size with the same main cause include Unified School District No 416 Endowment Association ($154k), Masonic Scholarship Endowment Trust of West Virginia ($154k) and South Middlesex Hospitals Association Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.