Lexington Memorial Hospital Foundation Inc

Analysis

Lexington Memorial Hospital Foundation Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in March 1990, 36 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 December 2023, Lexington Memorial Hospital Foundation Inc reported income of $120k and spending of $161k, spending 134% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $802k to $120k (-85%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 900%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lexington Memorial Hospital Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Plowshare Center Inc ($120k), Pasadena Auxiliary of Boys Republic ($120k) and Association of Notre Dame Clubs Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.