Hospital Sisters Mission Outreach Corporation

Analysis

Hospital Sisters Mission Outreach Corporation is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hospital Sisters Mission Outreach Corporation reported income of $3.4m and spending of $8.2m, spending 241% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $6.6m to $3.4m (-48%), an average of -20% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospital Sisters Mission Outreach Corporation 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 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Hospitality House Therapeutic Community Inc ($3.4m), Young Mens Christian Association of Garfield New Jersey ($3.4m) and Jewish Council for Public Affairs ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $127k (1.5% of expenses). At year end it held assets of $7.8m against liabilities of $578k, net assets of $7.2m.

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.