Pikeville Medical Center Foundation for Quality Healthcare Inc

Analysis

Pikeville Medical Center Foundation for Quality Healthcare Inc is a registered charity in United States, based in Pikeville, KY. It received its IRS tax-exemption ruling in March 2015, 11 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 i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pikeville Medical Center Foundation for Quality Healthcare Inc reported income of $419k and spending of $636k, spending 152% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $333k to $419k (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 133% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pikeville Medical Center Foundation for Quality Healthcare Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Sam-Cmmw Care International ($419k), University of Tennessee West Institute for Cancer Research ($419k) and Mercer Foundation for Health C/O Bruce Peterson Administrator ($419k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.