Beaufort Memorial Hospital Endowment Foundation

Analysis

Beaufort Memorial Hospital Endowment Foundation is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in August 1985, 41 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, Beaufort Memorial Hospital Endowment Foundation reported income of $2.4m and spending of $2.8m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.4m (+16%), an average of +3.9% a year. The sharpest change came in the year to September 2021, when income rose by 87%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beaufort Memorial Hospital Endowment Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Santiam Hospital and Clinics Foundation ($2.4m), Association of Pediatric Hematology Oncology Nurses Inc ($2.4m) and Southern Nevada Cancer Research Foundation Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $21.1m against liabilities of $539k, net assets of $20.6m.