Grand Island Regional Medical Center

Analysis

Grand Island Regional Medical Center is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 2020, 6 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, Grand Island Regional Medical Center reported income of $67.8m and spending of $82.9m, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $4.9m to $67.8m (+1295%), an average of +141% a year. The sharpest change came in the year to December 2021, when income rose by 740%. Over the whole period it spent 141% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grand Island Regional Medical Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Adventhealth South Overland Park Inc ($67.7m), Unity Healthcare ($68.0m) and St Margarets Health Spring Valley ($67.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $785k (0.9% of expenses). Other salaries and wages came to $25.7m. At year end it held assets of $62.6m against liabilities of $132.7m, net assets of -$70.0m. It reported 475 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.