KVC Hospitals Inc

Analysis

KVC Hospitals Inc is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in December 2011, 15 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, KVC Hospitals Inc reported income of $51.1m and spending of $47.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.7m to $51.1m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, KVC Hospitals Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KS. Charities of a similar size with the same main cause include Manifest Medex ($51.1m), Caring for Denver Foundation ($51.2m) and Merakey Allos ($50.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $175k (0.4% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $29.2m against liabilities of $15.2m, net assets of $14.0m. It reported 563 employees.