Coryell Memorial Hospital Foundation

Analysis

Coryell Memorial Hospital Foundation is a registered charity in United States, based in Gatesville, TX. It received its IRS tax-exemption ruling in April 1990, 36 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 December 2023, Coryell Memorial Hospital Foundation reported income of $2.5m and spending of $2.2m, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $583k to $2.5m (+320%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 239%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coryell Memorial Hospital Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Camp Hebron Inc ($2.4m), Mountain School Inc ($2.5m) and Association for Public Policy Analysis and Management ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 77% of the total. Other salaries and wages came to $845k. At year end it held assets of $10.1m against liabilities of $2.4m, net assets of $7.7m.