Madison Memorial Hospital Foundation Inc

Analysis

Madison Memorial Hospital Foundation Inc is a registered charity in United States, based in Rexburg, ID. It received its IRS tax-exemption ruling in July 2024, 2 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Madison Memorial Hospital Foundation Inc reported income of $63k and spending of $9,740, leaving 85% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $52k to $63k (+21%), an average of +6.7% a year. The sharpest change came in the year to September 2022, when income rose by 34%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Madison Memorial Hospital Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within ID. Charities of a similar size with the same main cause include St Vincent de Paul Ministry of St Stanislaus Catholic Church Inc ($63k), Nick Erdy Foundation Inc ($63k) and Eagle Point Elementary Foundation Inc ($63k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $442k against liabilities of $9,150, net assets of $433k.