Memorial Hospital Foundation

Analysis

Memorial Hospital Foundation is a registered charity in United States, based in Carthage, IL. It received its IRS tax-exemption ruling in February 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 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, Memorial Hospital Foundation reported income of $204k and spending of $154k, leaving 25% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $40k to $204k (+404%), an average of +38% a year. The sharpest change came in the year to December 2019, when income rose by 175%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include The Compass Foundation ($204k), North Central Alabama Regional Alcoholism Council Inc ($204k) and Jacks Corner Foundation Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $691k against liabilities of $0, net assets of $691k.