Eastern Iowa Health Center

Analysis

Eastern Iowa Health Center is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in November 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eastern Iowa Health Center reported income of $18.4m and spending of $15.7m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.7m to $18.4m (+34%), an average of +7.7% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eastern Iowa Health Center 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 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Affiliated Sante Group ($18.4m), Sarasota Memorial Healthcare Foundation ($18.4m) and Valleywise Health Foundation ($18.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $3.0m (19% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $16.4m against liabilities of $4.7m, net assets of $11.6m. It reported 136 employees.