Memorial Hospital of Sweetwater County Foundation

Analysis

Memorial Hospital of Sweetwater County Foundation is a registered charity in United States, based in Rock Springs, WY. It received its IRS tax-exemption ruling in June 2006, 20 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 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 June 2023, Memorial Hospital of Sweetwater County Foundation reported income of $1.1m and spending of $874k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $775k to $1.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 108%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Memorial Hospital of Sweetwater County Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within WY. Charities of a similar size with the same main cause include St Philips School and Community Center Foundation ($1.1m), Volunteer Center of Bergen County Inc ($1.1m) and North Hills Affordable Housing Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.