Drew Memorial Hospital Inc

Analysis

Drew Memorial Hospital Inc is a registered charity in United States, based in Monticello, AR. It received its IRS tax-exemption ruling in June 2012, 14 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 March 2023, Drew Memorial Hospital Inc reported income of $37.3m and spending of $45.0m, spending 120% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $36.2m to $37.3m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to March 2023, when income dropped by 31%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Drew Memorial Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AR. Charities of a similar size with the same main cause include Indiana University Health Paoli Inc ($37.3m), Fair Health Inc ($37.4m) and MHS Primary Care Inc ($37.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 3.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $625k (1.4% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $52.7m against liabilities of $28.2m, net assets of $24.5m. It reported 528 employees.