South Georgia Medical Center Foundation Inc

Analysis

South Georgia Medical Center Foundation Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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 December 2023, South Georgia Medical Center Foundation Inc reported income of $2.4m and spending of $960k, leaving 61% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $985k to $2.4m (+147%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 180%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Georgia Medical Center Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Boys & Girls Club of East Providence Inc ($2.4m), Catholic Charities Bureau Inc ($2.4m) and Child Development Council of Central New York Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m.