Medical Center Health System Foundation

Analysis

Medical Center Health System Foundation is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in May 1964, 62 years ago. 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 September 2023, Medical Center Health System Foundation reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $673k to $1.6m (+134%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 62%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medical Center Health System Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Belmont Boulevard Housing Development Fund Company Inc ($1.6m), Spring Back Colorado Inc ($1.6m) and Chicago Media Project ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $5.7m against liabilities of $7,135, net assets of $5.7m.