Memorial Medical Center Inc

Analysis

Memorial Medical Center Inc is a registered charity in United States, based in Ashland, WI. It received its IRS tax-exemption ruling in April 1969, 57 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, Memorial Medical Center Inc reported income of $155.1m and spending of $142.4m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $104.9m to $155.1m (+48%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 20%. 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, Memorial Medical Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Calverthealth Medical Center Inc ($154.5m), Caromont Medical Group Inc ($155.3m) and Redington-Fairview General Hospital ($154.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.1m (0.8% of expenses). Other salaries and wages came to $48.6m. At year end it held assets of $250.1m against liabilities of $52.6m, net assets of $197.5m. It reported 666 employees.