Halifax Medical Center Foundation Inc

Analysis

Halifax Medical Center Foundation Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in September 1989, 37 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 September 2023, Halifax Medical Center Foundation Inc reported income of $4.0m and spending of $899k, leaving 78% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $4.0m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2020, when income rose by 73%. Over the whole period it spent 31% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Halifax Medical Center Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Futures Unlimited Inc ($4.0m), Center for Resilience Inc ($4.0m) and South Eastern Idaho Community ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $122k. At year end it held assets of $60.6m against liabilities of $1.5m, net assets of $59.1m.