Wilkes Medical Center Foundation

Analysis

Wilkes Medical Center Foundation is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Wilkes Medical Center Foundation reported income of $1.4m and spending of $533k, leaving 61% of income unspent that year. Across the 3 years on record, from June 2019 to June 2021, income grew from $788k to $1.4m (+72%), an average of +31% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 22% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wilkes Medical Center Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Headwaters Health Foundation ($1.4m), New Mainers Public Health Initiative ($1.4m) and Survivors of Abuse in Recovery Inc ($1.4m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 87% of the total. At year end it held assets of $9.9m against liabilities of $0, net assets of $9.9m.