Barrett Hospital Development Corporation

Analysis

Barrett Hospital Development Corporation is a registered charity in United States, based in Dillon, MT. It received its IRS tax-exemption ruling in October 2009, 17 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 June 2023, Barrett Hospital Development Corporation reported income of $42.7m and spending of $40.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.8m to $42.7m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Barrett Hospital Development Corporation 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 99th percentile within MT. Charities of a similar size with the same main cause include Beacon Allegan Inc ($42.7m), Pomerene Hospital ($42.7m) and Bayada Home Care ($42.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $176k (0.4% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $65.7m against liabilities of $27.1m, net assets of $38.5m. It reported 296 employees.