Flaget Memorial Hospital Foundation Inc

Analysis

Flaget Memorial Hospital Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Flaget Memorial Hospital Foundation Inc reported income of $651k and spending of $360k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $739k to $651k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 396%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Flaget Memorial Hospital Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Missionaries of the Word Inc ($651k), Missionary Supply Lines ($651k) and Holy Cross Housing Inc ($651k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $5.6m against liabilities of $330k, net assets of $5.3m.