Overview
What is Carthage Area Hospital Foundation Inc?
Carthage Area Hospital Foundation Inc is a nonprofit organization situated in Carthage, New York, with the primary aim of collecting funds for the hospital's capital needs, renovations, and new programs and services. Their focus areas include charitable giving, public awareness, and education about hospital care needs. The foundation's mission is to promote philanthropic contributions, ensuring high-quality community healthcare. They are committed to maintaining a local hospital that provides primary healthcare services to the community, thus enriching the well-being of its members.
Official website here: www.carthagehospital.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while Carthage Area Hospital Foundation Inc demonstrates some strong practices in governance and accountability, there are significant areas for improvement, especially in its program expenses.
The foundation excels in governance with a fully independent board and robust policies in place, scoring full points in areas such as conflict of interest and whistleblower policies. The financial health is also solid, evidenced by a low liabilities to assets ratio of 0.08%, indicating stability in its financial structure. However, it received a notably low score for its program expense ratio at 50.48%, suggesting that less than half of its expenses are directed toward its programs, raising concerns about the effectiveness of its funding allocation.
Overall, while the organization shows a commitment to transparency and independent governance, its low program expense ratio highlights a potential misalignment in resource allocation that could impact its effectiveness in delivering on its mission. Stakeholders may want to consider these factors when evaluating the foundation's overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Carthage Area Hospital Foundation Inc legitimate?
Carthage Area Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carthage Area Hospital Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.carthagehospital.com
What is the mission statement of Carthage Area Hospital Foundation Inc?
The Carthage Area Hospital Foundation Inc's mission is centered around promoting charitable contributions to maintain and enhance the quality of community healthcare. The foundation is committed to preserving a local hospital that provides primary healthcare services to its community members. Its primary objective is to raise funds for the hospital's capital needs, focusing on planned giving, public awareness, and education, and addressing the hospital's care requirements.
Official website here: www.carthagehospital.com
What is the revenue of Carthage Area Hospital Foundation Inc?
Carthage Area Hospital Foundation Inc's revenue in 2023 was $207,626.
Official website here: www.carthagehospital.com
Who are the executives of Carthage Area Hospital Foundation Inc and what are their salaries?
There 20 volunteers at Carthage Area Hospital Foundation Inc.
Here are 11 key members and their salaries:
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- Related: $38,805
- Other: $6,142
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- Related: $62,308
- Other: $732
Official website here: www.carthagehospital.com
Where can I find the form 990 for Carthage Area Hospital Foundation Inc?
Carthage Area Hospital Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carthagehospital.com
Learn more at the official website: www.carthagehospital.com
Mission Statement of Carthage Area Hospital Foundation Inc
Carthage Area Hospital Foundation Inc is committed to promoting charitable contributions to uphold the standard of community healthcare. The foundation's primary objective is to secure the presence and enhancement of a local hospital within the community, providing top-notch primary healthcare services to its residents. To achieve this mission, the foundation focuses on various areas, including planned giving, public and donor awareness, and education, as well as addressing the hospital's capital needs and programs. By raising funds for renovations and new services at Carthage Area Hospital, the foundation ensures the community's access to excellent healthcare services.
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Impact
October, 2024
Carthage Area Hospital Foundation Inc plays a crucial role in enhancing community healthcare through its commitment to promoting charitable gifts. By raising funds specifically for the capital needs of Carthage Area Hospital, the Foundation supports essential renovations and the development of new programs and services.
Focusing on planned giving, public awareness, and education, the Foundation ensures that community members are informed about healthcare needs, ultimately fostering a culture of support for local health initiatives. Its mission to maintain and improve access to quality primary healthcare is vital in retaining a local hospital, which is a key resource for the well-being of the residents in the Carthage area. The impact of the Foundation is evident in its efforts to secure a healthier future for the community it serves.
This information is meant to be a general summary of Carthage Area Hospital Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $55,547
- Gross Receipts: $229,264
Assets and Liabilities:
- Total Assets: $2,172,900
- Total Liabilities: $1,800
- Net Assets: $2,171,100
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Organization Details
Founding Year
1994
Principal Officer
Peter Sinagra
Website
www.carthagehospital.comNTEE Category
Code: E110 - Health
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