Reid Hospital & Health Care Services Inc

Analysis

Reid Hospital & Health Care Services Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in October 1970, 56 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, Reid Hospital & Health Care Services Inc reported income of $551.3m and spending of $541.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $476.7m to $551.3m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 28%. 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, Reid Hospital & Health Care Services Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Lucy Webb Haynes National Training School for Deaconesses and Mission ($551.3m), Texas Health Presbyterian Hospital Plano ($551.6m) and West Kendall Baptist Hospital Inc ($551.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $7.6m (1.4% of expenses). Other salaries and wages came to $165.1m. At year end it held assets of $1.61bn against liabilities of $396.8m, net assets of $1.22bn. It reported 2,957 employees.