Ivinson Memorial Hospital

Analysis

Ivinson Memorial Hospital is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in June 2017, 9 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, Ivinson Memorial Hospital reported income of $147.2m and spending of $126.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $109.0m to $147.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ivinson Memorial Hospital 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 99th percentile, and in the 100th percentile within WY. Charities of a similar size with the same main cause include Piedmont Mountainside Hospital Inc ($146.9m), Valley Physician Servcies Inc ($147.2m) and The Finley Hospital ($146.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.5m (1.2% of expenses). Other salaries and wages came to $41.3m. At year end it held assets of $365.7m against liabilities of $22.8m, net assets of $343.0m. It reported 737 employees.