Roy H Laird Memorial Hospital Foundation Inc

Analysis

Roy H Laird Memorial Hospital Foundation Inc is a registered charity in United States, based in Kilgore, TX. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Roy H Laird Memorial Hospital Foundation Inc reported income of $1.3m and spending of $5.8m, spending 433% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $993k to $1.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Roy H Laird Memorial Hospital Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Foundations and Donors Interest in Catholic Activities ($1.3m), Foundation for the Tri-State Community Inc ($1.3m) and Barth Syndrome Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m.