Carteret County General Hospital Foundation Corporation

Analysis

Carteret County General Hospital Foundation Corporation is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Carteret County General Hospital Foundation Corporation reported income of $2.4m and spending of $1.0m, leaving 57% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $605k to $2.4m (+297%), an average of +41% a year. The sharpest change came in the year to September 2022, when income dropped by 122%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carteret County General Hospital Foundation Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Pillars Fund ($2.4m), Wingstop Charities ($2.4m) and Plumbing-Heating-Cooling Contrctrs Natl Assoc Educational Foundation ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $42k. At year end it held assets of $10.2m against liabilities of $279k, net assets of $10.0m. It reported 2 employees.