Merrick Medical Center Foundation

Analysis

Merrick Medical Center Foundation is a registered charity in United States, based in Central City, NE. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Merrick Medical Center Foundation reported income of $301k and spending of $1.1m, spending 358% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $301k (-82%), an average of -35% a year. The sharpest change came in the year to December 2020, when income dropped by 80%. Over the whole period it spent 162% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merrick Medical Center Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NE. Charities of a similar size with the same main cause include Castle Argyle ($301k), The Idlewild Terrace Housing Development Fund Corporation ($301k) and Colonie Luxembourgoise ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.