Mercy Health Services Iowa Corp

Analysis

Mercy Health Services Iowa Corp is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in March 1946, 80 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, Mercy Health Services Iowa Corp reported income of $881.2m and spending of $967.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $799.7m to $881.2m (+10%), an average of +2.5% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Health Services Iowa Corp sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Henry Ford Health Providence Hospital ($880.5m), University Medical Center Inc ($881.9m) and University Hospitals Health System Inc ($878.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.2m (0.4% of expenses). Other salaries and wages came to $306.8m. At year end it held assets of $792.3m against liabilities of $521.2m, net assets of $271.2m. It reported 6,504 employees.