Sky Lakes Medical Center Foundation Inc

Analysis

Sky Lakes Medical Center Foundation Inc is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in February 1989, 37 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 September 2023, Sky Lakes Medical Center Foundation Inc reported income of $2.2m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $2.2m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to September 2022, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sky Lakes Medical Center Foundation Inc sits at the 73rd 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 88th percentile within OR. Charities of a similar size with the same main cause include Lahai Health ($2.2m), Mental Health America of Southeast Florida ($2.2m) and Hope Clinic for Women ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $134k (6.2% of expenses). Other salaries and wages came to $196. At year end it held assets of $24.2m against liabilities of $255k, net assets of $24.0m.