Ashe Memorial Hospital Foundation

Analysis

Ashe Memorial Hospital Foundation is a registered charity in United States, based in Jefferson, NC. It received its IRS tax-exemption ruling in January 1994, 32 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, Ashe Memorial Hospital Foundation reported income of $242k and spending of $534k, spending 221% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $430k to $242k (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 512%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ashe Memorial Hospital Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Montana Association for the Blind Inc ($242k), Ansley Park Beautification Foundation Inc ($242k) and Barbers Hill Homecoming and Scholarship Association ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.1m against liabilities of $132k, net assets of $1.0m.