Southeast Georgia Health System Foundation Inc

Analysis

Southeast Georgia Health System Foundation Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in December 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 April 2023, Southeast Georgia Health System Foundation Inc reported income of $1.9m and spending of $1.5m, leaving 24% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.5m to $1.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to April 2021, when income rose by 160%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeast Georgia Health System Foundation Inc sits at the 85th 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 88th percentile within GA. Charities of a similar size with the same main cause include Laurel Academy ($1.9m), Missouri Youth Soccer Assoc Inc ($1.9m) and Bridgewood Non Profit Housing Corp ($1.9m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $239k. At year end it held assets of $9.2m against liabilities of $1,663, net assets of $9.2m.