Corbett Medical Foundation

Analysis

Corbett Medical Foundation is a registered charity in United States, based in Saratoga, WY. It received its IRS tax-exemption ruling in February 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corbett Medical Foundation reported income of $1.2m and spending of $893k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $961k to $1.2m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Corbett Medical Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within WY. Charities of a similar size with the same main cause include Multi-Service Eating Disorders Association Inc ($1.2m), Childrens Hospital Foundation ($1.2m) and Mill Neck Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.