Hutchinson Regional Medical Foundation

Analysis

Hutchinson Regional Medical Foundation is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in October 1979, 47 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hutchinson Regional Medical Foundation reported income of $615k and spending of $575k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $615k (-56%), an average of -19% a year. The sharpest change came in the year to June 2021, when income rose by 333%. Over the whole period it spent 39% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hutchinson Regional Medical Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within KS. Charities of a similar size with the same main cause include Personalized Lifestyle Medicine Institute ($615k), Wise and Rooted Counseling and Therapy ($615k) and University of Tokyo New York Office Inc ($615k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% of the total. Compensation of current officers, directors and key employees was $6,618 (1.2% of expenses). Other salaries and wages came to $97k. At year end it held assets of $43.8m against liabilities of $9.5m, net assets of $34.3m.