The Jackson County Memorial Hospital Foundation

Analysis

The Jackson County Memorial Hospital Foundation is a registered charity in United States, based in Altus, OK. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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, The Jackson County Memorial Hospital Foundation reported income of $135k and spending of $149k, spending 110% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $46k to $135k (+194%), an average of +194% a year. The sharpest change came in the year to June 2023, when income rose by 194%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Jackson County Memorial Hospital Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OK. Charities of a similar size with the same main cause include Friends of the Betsie Valley Trail ($135k), Rosharon Volunteer Fire Department Inc ($135k) and Ethnos Asia-Usa ($135k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $343k against liabilities of $2,750, net assets of $340k.