Community Memorial Healthcare Foundation

Analysis

Community Memorial Healthcare Foundation is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in July 1984, 42 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, Community Memorial Healthcare Foundation reported income of $1.1m and spending of $1.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $1.1m (+126%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Memorial Healthcare Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Jersey City Connections Inc ($1.1m), Corporate Angel Network Inc ($1.1m) and Wings of an Angel ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $12k. At year end it held assets of $2.3m against liabilities of $224k, net assets of $2.0m.