Memorial Hospital Foundation

Analysis

Memorial Hospital Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in July 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, Memorial Hospital Foundation reported income of $3.0m and spending of $3.7m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.0m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memorial Hospital Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Valley Organizatn for Improved Comm & Equality for the Deaf ($3.0m), Home of Grace Corporation ($3.0m) and Women in Global Health Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 25% of the total. Other salaries and wages came to $303k. At year end it held assets of $23.6m against liabilities of $2.4m, net assets of $21.2m.