Arkansas Methodist Medical Center Foundation Inc

Analysis

Arkansas Methodist Medical Center Foundation Inc is a registered charity in United States, based in Paragould, AR. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Arkansas Methodist Medical Center Foundation Inc reported income of $277k and spending of $223k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $277k (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2020, when income rose by 138%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Arkansas Methodist Medical Center Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within AR. Charities of a similar size with the same main cause include Sarasota Rotary Foundation Inc ($277k), William and Martha Brown Education Technology Trust ($277k) and Friends of Laguna Atascosa National Wildlife Refuge ($277k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $111k. At year end it held assets of $3.9m against liabilities of $191k, net assets of $3.7m.