Washington Regional Medical Foundation

Analysis

Washington Regional Medical Foundation is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Washington Regional Medical Foundation reported income of $5.8m and spending of $1.6m, leaving 72% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.2m to $5.8m (+162%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 167%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Washington Regional Medical Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Azcend ($5.8m), Quest Community Development Organization Inc ($5.8m) and Family Counseling Service of Aurora ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $154k (9.4% of expenses). Other salaries and wages came to $110k. At year end it held assets of $34.9m against liabilities of $6.6m, net assets of $28.2m. It reported 1 employees.