Columbia Memorial Hospital Foundation

Analysis

Columbia Memorial Hospital Foundation is a registered charity in United States, based in Astoria, OR. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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, Columbia Memorial Hospital Foundation reported income of $3.3m and spending of $50k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $3.3m (+1509%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 520%. Over the whole period it spent 21% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Columbia Memorial Hospital Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Minnesota Indian Womens Resource Center ($3.3m), Soil Science Society of America Inc ($3.3m) and International Union of Crystallography ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $5.6m against liabilities of $13k, net assets of $5.6m.