St Peters Hospital Foundation Inc

Analysis

St Peters Hospital Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 1946, 80 years ago. 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 December 2023, St Peters Hospital Foundation Inc reported income of $53k and spending of $125k, spending 233% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $53k (-95%), an average of -54% a year. The sharpest change came in the year to December 2020, when income dropped by 101%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Peters Hospital Foundation Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include California Federation of Womens Clubs ($53k), El Paso de Robles Area Historical Society ($53k) and Monroe Arts and Activities Center Foundation Inc ($53k).

At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.