Newberry County Hospital Foundation Inc

Analysis

Newberry County Hospital Foundation Inc is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in May 1998, 28 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 2023, Newberry County Hospital Foundation Inc reported income of $695k and spending of $143k, leaving 79% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $624k to $695k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 29% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newberry County Hospital Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Shevet Achim ($695k), ALS Hope Foundation ($695k) and Reliant Foundation Inc ($695k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% of the total. Compensation of current officers, directors and key employees was $65k (45% of expenses). At year end it held assets of $18.1m against liabilities of $2.1m, net assets of $15.9m.