Pardee Memorial Hospital Foundation Inc

Analysis

Pardee Memorial Hospital Foundation Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in January 1996, 30 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 June 2023, Pardee Memorial Hospital Foundation Inc reported income of $1.8m and spending of $2.0m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.2m to $1.8m (-19%), an average of -6.7% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pardee Memorial Hospital Foundation Inc sits at the 86th percentile: it is larger than about 86% 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 Bain Capital Childrens Charity Ltd ($1.8m), Nicks Kids Foundation Inc ($1.8m) and Easterseals Foundation of Central Illinois ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $145k (7.1% of expenses). It paid $72k in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $23k, net assets of $3.2m.

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.