Oconto Hospital & Medical Center Inc

Analysis

Oconto Hospital & Medical Center Inc is a registered charity in United States, based in Oconto, WI. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Oconto Hospital & Medical Center Inc reported income of $93.3m and spending of $84.3m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $57.0m to $93.3m (+64%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Oconto Hospital & Medical Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Upper Chesapeake Medical Services Inc ($93.3m), Oneohio Recovery Foundation ($93.4m) and Geisinger Health ($93.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $612k (0.7% of expenses). Other salaries and wages came to $34.6m. At year end it held assets of $53.8m against liabilities of $30.0m, net assets of $23.9m. It reported 387 employees.