Russell Hospital Foundation Inc Fka Medical Park Foundation

Analysis

Russell Hospital Foundation Inc Fka Medical Park Foundation is a registered charity in United States, based in Alex City, AL. It received its IRS tax-exemption ruling in November 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 December 2023, Russell Hospital Foundation Inc Fka Medical Park Foundation reported income of $1.1m and spending of $674k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $1.1m (+141%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Russell Hospital Foundation Inc Fka Medical Park Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Health Occupations Students of America ($1.1m), United Way of Central Washington ($1.1m) and Caritas Tele Communications ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $118k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.