Lenoir Memorial Hospital Foundation Inc

Analysis

Lenoir Memorial Hospital Foundation Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in October 1984, 42 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 June 2023, Lenoir Memorial Hospital Foundation Inc reported income of $641k and spending of $344k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $870k to $641k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lenoir Memorial Hospital Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($641k), The New London Community Meal Center Inc ($642k) and Marshall County Arc Inc ($641k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $5.0m against liabilities of $4,000, net assets of $5.0m.