Stamford Memorial Hospital Foundation

Analysis

Stamford Memorial Hospital Foundation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in December 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stamford Memorial Hospital Foundation reported income of $87k and spending of $63k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $90k to $87k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Stamford Memorial Hospital Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Trinity Rotary Charitable Foundation Inc ($87k), McKeever Foundation Inc ($88k) and Santas Cause ($87k).

At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.