North Texas Medical Center Foundation Inc

Analysis

North Texas Medical Center Foundation Inc is a registered charity in United States, based in Gainesville, TX. It received its IRS tax-exemption ruling in May 1987, 39 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, North Texas Medical Center Foundation Inc reported income of $307k and spending of $97k, leaving 68% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $32k to $307k (+850%), an average of +112% a year. The sharpest change came in the year to September 2021, when income rose by 228%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Texas Medical Center Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Weatherford Little League Inc ($307k), Raytown Emergency Assistance Program Inc ($307k) and Alameda High School Athletic Supporters Inc ($307k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $893k against liabilities of $0, net assets of $893k.