Johnston Memorial Hospital Foundation

Analysis

Johnston Memorial Hospital Foundation is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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, Johnston Memorial Hospital Foundation reported income of $1.3m and spending of $800k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $482k to $1.3m (+171%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Johnston Memorial Hospital Foundation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Handlers of Tucson Inc ($1.3m), DC Center for Independent Living Inc ($1.3m) and Central Utah Enterprises ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $3.1m against liabilities of $169k, net assets of $3.0m.