Catawba Medical Foundation Inc

Analysis

Catawba Medical Foundation Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in September 1986, 40 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, Catawba Medical Foundation Inc reported income of $769k and spending of $499k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $769k (-32%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Catawba Medical Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Kids Escaping Drugs Inc ($769k), Ed Keating Center Inc ($770k) and Ira Sohn Conference Foundation Inc ($769k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.