Peterson Regional Medical Center Foundation

Analysis

Peterson Regional Medical Center Foundation is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Peterson Regional Medical Center Foundation reported income of $1.8m and spending of $7.7m, spending 427% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.8m (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2021, when income rose by 216%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Peterson Regional Medical Center Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Pacific Communities Health District Foundation ($1.8m), Boulder County AIDS Project ($1.8m) and Palm Beach County Substance Abuse Coalition ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $192k. At year end it held assets of $9.4m against liabilities of $65k, net assets of $9.3m. It reported 5 employees.