Madison County Community Hospital

Analysis

Madison County Community Hospital is a registered charity in United States, based in London, OH. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Madison County Community Hospital reported income of $66.3m and spending of $64.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $53.5m to $66.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madison County Community Hospital sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include University Orthopaedic Services Inc ($66.3m), Sun Life Family Health Center Inc ($66.3m) and Northeast Behavioral Health Corporation ($66.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (2.4% of expenses). Other salaries and wages came to $16.3m. At year end it held assets of $56.6m against liabilities of $12.2m, net assets of $44.4m. It reported 437 employees.