Southeastern Regional Medical Center Foundation

Analysis

Southeastern Regional Medical Center Foundation is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in September 1999, 27 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, Southeastern Regional Medical Center Foundation reported income of $1.8m and spending of $960k, leaving 48% of income unspent that year. Across the 5 years on record, from September 2019 to June 2023, income fell from $1.9m to $1.8m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income rose by 182%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Southeastern Regional Medical Center Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Island Autism Group Inc ($1.8m), Orthocarolina Research Institute Inc ($1.8m) and David Foster Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $7.3m against liabilities of $0, net assets of $7.3m.