Kalispell Regional Medical Center Inc

Analysis

Kalispell Regional Medical Center Inc is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in July 1973, 53 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, Kalispell Regional Medical Center Inc reported income of $629.7m and spending of $615.1m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $438.5m to $629.7m (+44%), an average of +9.5% a year. The sharpest change came in the year to March 2022, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kalispell Regional Medical Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MT. Charities of a similar size with the same main cause include Central Washington Health Services Association ($629.6m), MCV Associated Physicians ($632.3m) and Global Health Solutions Inc ($628.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.8m (0.3% of expenses). Other salaries and wages came to $228.0m. At year end it held assets of $557.0m against liabilities of $326.3m, net assets of $230.7m. It reported 3,341 employees.