East Alabama Medical Center Foundation

Analysis

East Alabama Medical Center Foundation is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in May 1988, 38 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, East Alabama Medical Center Foundation reported income of $2.0m and spending of $823k, leaving 60% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.2m to $2.0m (-51%), an average of -16% a year. The sharpest change came in the year to September 2023, when income dropped by 49%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Alabama Medical Center Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within AL. Charities of a similar size with the same main cause include Georgia State Soccer Association Inc ($2.0m), Illinois Rural Healthnet ($2.0m) and Ivy Hall Academy of Provo ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $28.4m against liabilities of $102k, net assets of $28.3m.