Community General Hospital Foundation Inc

Analysis

Community General Hospital Foundation Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 1993, 33 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 December 2023, Community General Hospital Foundation Inc reported income of $267k and spending of $166k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $385k to $267k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community General Hospital Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Sheltered Homes of Alexandria Bellefonte Apts ($267k), South Bay Alano Club ($267k) and Kentucky Diabetes Camp for Children Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $2.5m against liabilities of $40k, net assets of $2.4m.