Fairbanks Hospital Inc

Analysis

Fairbanks Hospital Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1948, 78 years ago. Its declared purposes cover mental health and crisis intervention, 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, Fairbanks Hospital Inc reported income of $23.2m and spending of $23.3m, spending 100% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $23.3m to $23.2m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairbanks Hospital Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Easterseals Florida Inc ($23.2m), Family Medical Center of Michigan Inc ($23.2m) and Supporting Initiatives to Redistribute Unused Medicine-Sirum ($23.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $705k (3.0% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $22.0m against liabilities of $158k, net assets of $21.8m. It reported 278 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.