Rush Medical Foundation

Analysis

Rush Medical Foundation is a registered charity in United States, based in Meridian, MS. It received its IRS tax-exemption ruling in January 1950, 76 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Rush Medical Foundation reported income of $167.2m and spending of $167.0m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $193.7m to $167.2m (-14%), an average of -4.8% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rush Medical Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MS. Charities of a similar size with the same main cause include The Institute for Family Health ($167.1m), Fisher Titus Medical Center ($167.2m) and Sierra Health Foundation Center for Health Program Management ($166.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. Other salaries and wages came to $329k. At year end it held assets of $602.3m against liabilities of $548.9m, net assets of $53.4m. It reported 1,192 employees.