Community Hospital of Anderson- Madison County Inc

Analysis

Community Hospital of Anderson- Madison County Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in October 1963, 63 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, Community Hospital of Anderson- Madison County Inc reported income of $233.2m and spending of $216.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214.0m to $233.2m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Hospital of Anderson- Madison County Inc sits at the 97th percentile: it is larger than about 97% 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 Douglas Hospital Inc ($233.1m), On Lok Senior Health Service ($233.3m) and Aspirus Rhinelander & Tomahawk Hospitals & Clinics Inc ($232.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $966k (0.4% of expenses). Other salaries and wages came to $70.9m. At year end it held assets of $396.3m against liabilities of $12.6m, net assets of $383.7m. It reported 1,230 employees.