Forsyth Medical Center Foundation

Analysis

Forsyth Medical Center Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in November 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 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, Forsyth Medical Center Foundation reported income of $5.6m and spending of $4.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $5.6m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Forsyth Medical Center Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Highland District Hospital Professional Services Corporation ($5.6m), Renewal House Inc ($5.6m) and Nebraska AIDS Project Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $213k (4.5% of expenses). Other salaries and wages came to $273k. At year end it held assets of $83.3m against liabilities of $1.0m, net assets of $82.3m. It reported 5 employees.