Community Memorial Hospital Foundation

Analysis

Community Memorial Hospital Foundation is a registered charity in United States, based in South Hill, VA. It received its IRS tax-exemption ruling in December 2024, 2 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 June 2023, Community Memorial Hospital Foundation reported income of $482k and spending of $4,729, leaving 99% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $482k (-59%), an average of -20% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Memorial Hospital Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Foundation Forsurgical Fellowships ($481k), School of Addiction Recovery Soar Inc ($482k) and Living for Zachary ($481k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $3.4m against liabilities of $5,756, net assets of $3.4m.