Marengo Memorial Hospital Foundation

Analysis

Marengo Memorial Hospital Foundation is a registered charity in United States, based in Marengo, IA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Marengo Memorial Hospital Foundation reported income of $219k and spending of $107k, leaving 51% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $116k to $219k (+90%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marengo Memorial Hospital Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Grace House Norcal ($219k), Southwest Institute for Families and Children with Special Needs ($219k) and National Health It Collaborative for the Underserved Inc ($219k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $497k against liabilities of $0, net assets of $497k.