Oconee Memorial Hospital Foundation Inc

Analysis

Oconee Memorial Hospital Foundation Inc is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in March 2002, 24 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 September 2023, Oconee Memorial Hospital Foundation Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.2m (-20%), an average of -5.6% a year. The sharpest change came in the year to September 2022, when income dropped by 43%. Over the whole period it spent 49% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oconee Memorial Hospital Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include One Day at a Time Inc ($1.2m), Open Paths Counseling Center ($1.2m) and Elkhart Health Fitness and Aquatics Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $9.7m against liabilities of $257k, net assets of $9.4m.