Concordia Hospital Foundation

Analysis

Concordia Hospital Foundation is a registered charity in United States, based in Ferriday, LA. It received its IRS tax-exemption ruling in May 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 September 2023, Concordia Hospital Foundation reported income of $365k and spending of $3.1m, spending 860% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $108 to $365k (+337960%), an average of +662% a year. The sharpest change came in the year to September 2021, when income rose by 118271%. Over the whole period it spent 997% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Concordia Hospital Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within LA. Charities of a similar size with the same main cause include Crawley Memorial Hospital Inc ($365k), Christian Counseling Center of Greater Danbury ($365k) and Hamblen County Substance Abuse Coalition ($365k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $30.3m against liabilities of $27.7m, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.