Ferrell Hospital Community Foundation

Analysis

Ferrell Hospital Community Foundation is a registered charity in United States, based in Eldorado, IL. It received its IRS tax-exemption ruling in November 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 March 2023, Ferrell Hospital Community Foundation reported income of $46.5m and spending of $47.6m, spending 102% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $23.9m to $46.5m (+95%), an average of +18% a year. The sharpest change came in the year to March 2022, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ferrell Hospital Community Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Community Clinic Inc ($46.5m), American Academy of Orthopedic Surgeons ($46.5m) and C C Young Memorial Home ($46.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 4.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $237k (0.5% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $51.7m against liabilities of $44.6m, net assets of $7.1m. It reported 352 employees.