Caldwell Memorial Hospital Foundation Inc

Analysis

Caldwell Memorial Hospital Foundation Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in July 1991, 35 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 2024, Caldwell Memorial Hospital Foundation Inc reported income of $4.5m and spending of $1.6m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.0m to $4.5m (+51%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 158%. 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, Caldwell Memorial Hospital Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Austin Recovery Inc ($4.5m), Salem Hospital Inc ($4.5m) and Primary Care Services ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. It paid $7,500 in professional fundraising fees. At year end it held assets of $19.9m against liabilities of $624k, net assets of $19.3m.