Morton Plant Mease Health Care Foundation Inc

Analysis

Morton Plant Mease Health Care Foundation Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in September 1977, 49 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 December 2023, Morton Plant Mease Health Care Foundation Inc reported income of $10.2m and spending of $12.2m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $10.2m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morton Plant Mease Health Care Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Crosspoint Human Services ($10.2m), Victoria Healthcare Resources ($10.2m) and Hamakua Health Center Inc ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $925k. At year end it held assets of $116.8m against liabilities of $4.7m, net assets of $112.1m.