Faulkton Area Medical Center Foundation Inc

Analysis

Faulkton Area Medical Center Foundation Inc is a registered charity in United States, based in Faulkton, SD. It received its IRS tax-exemption ruling in October 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 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, Faulkton Area Medical Center Foundation Inc reported income of $82k and spending of $29k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $226k to $82k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 19% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Faulkton Area Medical Center Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within SD. Charities of a similar size with the same main cause include Roosevelt Memorial Health Care Foundation ($82k), Life and Family Medical Clinic ($82k) and Latin America Patients Academy Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $9,629. At year end it held assets of $595k against liabilities of $0, net assets of $595k. It reported 1 employees.