Foundation for Mount Nittany Medical Center

Analysis

Foundation for Mount Nittany Medical Center is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2023, Foundation for Mount Nittany Medical Center reported income of $6.3m and spending of $3.9m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $6.3m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 129%. 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, Foundation for Mount Nittany Medical Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Montgomery General Elderly Care Center Inc ($6.3m), Building Healthy Futures ($6.3m) and National Family Planning & Reproductive Health Assoc Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $83k (2.1% of expenses). Other salaries and wages came to $392k. At year end it held assets of $19.5m against liabilities of $297k, net assets of $19.2m. It reported 5 employees.