Drew Memorial Health Foundation

Analysis

Drew Memorial Health Foundation is a registered charity in United States, based in Monticello, AR. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Drew Memorial Health Foundation reported income of $74k and spending of $90k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $74k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Drew Memorial Health Foundation sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within AR. Charities of a similar size with the same main cause include Squareup Foundation Inc ($74k), Little League Baseball Inc ($74k) and Alpena Figure Skating Club Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $343k against liabilities of $0, net assets of $343k.