Tallahassee Memorial Healthcare Foundation Inc

Analysis

Tallahassee Memorial Healthcare Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1977, 49 years ago. 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 September 2023, Tallahassee Memorial Healthcare Foundation Inc reported income of $3.3m and spending of $3.8m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $3.3m (+20%), an average of +4.6% a year. The sharpest change came in the year to September 2020, when income rose by 34%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tallahassee Memorial Healthcare Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Chattahoochee Valley Educational Foundation ($3.3m), National Association of Attorneys General Mission Foundation Inc ($3.3m) and Baker Industries Inc ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $27.1m against liabilities of $2.3m, net assets of $24.8m.