Clay County Memorial Hospital Foundation

Analysis

Clay County Memorial Hospital Foundation is a registered charity in United States, based in Henrietta, TX. It received its IRS tax-exemption ruling in August 1992, 34 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, Clay County Memorial Hospital Foundation reported income of $267k and spending of $1.1m, spending 422% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $267k (-94%), an average of -51% a year. The sharpest change came in the year to December 2022, when income dropped by 98%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clay County Memorial Hospital Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Way Christian School ($267k), Elk County Council on the Arts ($267k) and Virginia Congress of Parents and Teachers ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 41% of the total. Other salaries and wages came to $978k. At year end it held assets of $3.0m against liabilities of $1.9m, net assets of $1.1m. It reported 115 employees.