Hatch Area Medical Center Foundation

Analysis

Hatch Area Medical Center Foundation is a registered charity in United States, based in Hatch, NM. It received its IRS tax-exemption ruling in October 1988, 38 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 March 2024, Hatch Area Medical Center Foundation reported income of $2.2m and spending of $1.4m, leaving 35% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.2m to $2.2m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to March 2024, when income rose by 36%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hatch Area Medical Center Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Philadelphia Research & Education Foundation ($2.2m), Healthy Community Alliance Inc ($2.2m) and Institute for Research and Education in Family Medicine ($2.2m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $125k. At year end it held assets of $23.7m against liabilities of $13.3m, net assets of $10.4m. It reported 5 employees.