Wayne Memorial Hospital Foundation

Analysis

Wayne Memorial Hospital Foundation is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Wayne Memorial Hospital Foundation reported income of $212k and spending of $66k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $155k to $212k (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 232%. Over the whole period it spent 35% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wayne Memorial Hospital Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Uhmla Inc ($212k), Good Samaritan Fund and Services of Greater Sun City Center Inc ($212k) and BBH Eye Foundation ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $19k. At year end it held assets of $7.3m against liabilities of $8,974, net assets of $7.3m.