Medical Center Memorial Foundation Inc

Analysis

Medical Center Memorial Foundation Inc is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2023, Medical Center Memorial Foundation Inc reported income of $390k and spending of $382k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $395k to $390k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Center Memorial Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Abused Persons Outreach Center ($390k), Comunidad Cristiana Ven Y Ve ($390k) and End Time Handmaidens Inc ($390k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.3m against liabilities of $35k, net assets of $1.3m.