Carroll Hospital Center Foundation Inc

Analysis

Carroll Hospital Center Foundation Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in December 1985, 41 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, Carroll Hospital Center Foundation Inc reported income of $9.1m and spending of $8.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $9.1m (+112%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carroll Hospital Center Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Spurwink-Ri ($9.1m), St Josephs Childrens Home ($9.1m) and Redwood Coast Medical Services Inc ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $103.7m against liabilities of $943k, net assets of $102.7m.