Midwest Medical Center

Analysis

Midwest Medical Center is a registered charity in United States, based in Galena, IL. It received its IRS tax-exemption ruling in August 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 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, Midwest Medical Center reported income of $37.9m and spending of $36.3m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.3m to $37.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Midwest Medical Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Ozark Health Inc ($37.9m), Griffin Faculty Physicians Inc ($37.9m) and Concord Hospital- Franklin ($37.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $549k (1.5% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $49.6m against liabilities of $42.0m, net assets of $7.6m. It reported 279 employees.