Regional Medical Center Foundation

Analysis

Regional Medical Center Foundation is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in March 1990, 36 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 September 2023, Regional Medical Center Foundation reported income of $163k and spending of $117k, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $300k to $163k (-46%), an average of -14% a year. The sharpest change came in the year to September 2023, when income dropped by 35%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Regional Medical Center Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include STEM Advancement Inc ($163k), Bassett Public Library Association Incorporated ($163k) and Friends of the South Pasadena Public Library Inc ($163k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 2 employees.