Jupiter Medical Center Foundation Inc

Analysis

Jupiter Medical Center Foundation Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Jupiter Medical Center Foundation Inc reported income of $54.7m and spending of $37.0m, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $33.2m to $54.7m (+65%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 95%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jupiter Medical Center Foundation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Baton Rouge Area Foundation ($54.6m), Community Foundation for Greater Buffalo Inc ($55.0m) and Spartanburg County Foundation ($54.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $502k (1.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $149.7m against liabilities of $317k, net assets of $149.4m. It reported 22 employees.