Medical Center Foundation Inc

Analysis

Medical Center Foundation Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in November 1987, 39 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 September 2023, Medical Center Foundation Inc reported income of $9.4m and spending of $7.2m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.7m to $9.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to September 2022, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Center Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Sacopee Valley Health Center ($9.4m), Wahiawa Center for Community Health ($9.4m) and Interval Brotherhood Homes Corporation ($9.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $45.2m against liabilities of $5.1m, net assets of $40.1m.