Hays Medical Center Foundation

Analysis

Hays Medical Center Foundation is a registered charity in United States, based in Hays, KS. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hays Medical Center Foundation reported income of $3.7m and spending of $2.0m, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.7m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 257%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hays Medical Center Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KS. Charities of a similar size with the same main cause include Jewish Community Board of Akron Inc ($3.7m), The Mono Lake Foundation ($3.7m) and Sierra Ambulance Service Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $44.2m against liabilities of $77k, net assets of $44.1m.