McLeod Medical Center Foundation

Analysis

McLeod Medical Center Foundation is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, McLeod Medical Center Foundation reported income of $13.6m and spending of $10.9m, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.9m to $13.6m (+38%), an average of +8.3% a year. The sharpest change came in the year to September 2022, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, McLeod Medical Center Foundation 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 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include American Association of Neurosurgeons Inc ($13.6m), Wasatch Homeless Health Care Inc ($13.6m) and Houston Community Health Centers Inc ($13.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $413k (3.8% of expenses). Other salaries and wages came to $734k. At year end it held assets of $27.8m against liabilities of $7.3m, net assets of $20.5m. It reported 16 employees.