Jones Memorial Hospital Foundation

Analysis

Jones Memorial Hospital Foundation is a registered charity in United States, based in Wellsville, NY. It received its IRS tax-exemption ruling in February 2017, 9 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 June 2023, Jones Memorial Hospital Foundation reported income of $1.0m and spending of $989k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $194k to $1.0m (+418%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 337%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jones Memorial Hospital Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Fox Foundation Inc ($1.0m), Sojourn Ministries Inc ($1.0m) and Forest Heights Lodge Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.3m against liabilities of $349k, net assets of $1.9m.