Medical Foundation of Chattanooga Inc

Analysis

Medical Foundation of Chattanooga Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medical Foundation of Chattanooga Inc reported income of $1.9m and spending of $1.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $785k to $1.9m (+142%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Foundation of Chattanooga 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 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Family Service & Mental Health Center of Cicero ($1.9m), Western New York Grantmakers Association Inc ($1.9m) and Still Serving Vets ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $97k (8.2% of expenses). Other salaries and wages came to $616k. At year end it held assets of $5.7m against liabilities of $110k, net assets of $5.6m. It reported 11 employees.