Foundation for Terrebonne General Medical Center

Analysis

Foundation for Terrebonne General Medical Center is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in April 2012, 14 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 2023, Foundation for Terrebonne General Medical Center reported income of $457k and spending of $449k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $202k to $457k (+127%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Terrebonne General Medical Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include Johnsie & Aubary Montgomeryinstitute of Med Edu & Research Inc ($457k), Curefa Foundation Inc ($457k) and Tri-County Emergency Medical Services Inc ($457k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $21k. At year end it held assets of $563k against liabilities of $0, net assets of $563k.