Carrie Tingley Hospital Foundation Inc

Analysis

Carrie Tingley Hospital Foundation Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1965, 61 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carrie Tingley Hospital Foundation Inc reported income of $287k and spending of $712k, spending 248% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $868k to $287k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carrie Tingley Hospital Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include Standing Strong Inc ($287k), Foundation for Reproductive Medicine ($287k) and Crisis Pregnancy Center ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $93k (13% of expenses). Other salaries and wages came to $157k. At year end it held assets of $3.9m against liabilities of $45k, net assets of $3.9m. It reported 15 employees.

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.