Howard Memorial Hospital Foundation

Analysis

Howard Memorial Hospital Foundation is a registered charity in United States, based in Nashville, AR. It received its IRS tax-exemption ruling in August 1987, 39 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, Howard Memorial Hospital Foundation reported income of $173k and spending of $46k, leaving 73% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $174k to $173k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to September 2023, when income rose by 59%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Howard Memorial Hospital Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AR. Charities of a similar size with the same main cause include Smarter Memphis ($173k), Westborough Food Pantry Inc ($173k) and Little League Baseball Inc ($173k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $1.4m against liabilities of $11k, net assets of $1.4m.