Memorial Hospital Foundation Inc

Analysis

Memorial Hospital Foundation Inc is a registered charity in United States, based in Bainbridge, GA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 March 2023, Memorial Hospital Foundation Inc reported income of $150k and spending of $465k, spending 309% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $34k to $150k (+340%), an average of +64% a year. The sharpest change came in the year to March 2021, when income rose by 922%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within GA. Charities of a similar size with the same main cause include Skills Organization ($150k), Clinical Endocrine Institute Inc ($150k) and Nevada Donor Network Foundation ($150k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.