Stevens Community Medical Center Inc

Analysis

Stevens Community Medical Center Inc is a registered charity in United States, based in Morris, MN. It received its IRS tax-exemption ruling in November 1984, 42 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, Stevens Community Medical Center Inc reported income of $52.3m and spending of $46.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38.5m to $52.3m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stevens Community Medical Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Community Ancillary Services Inc ($52.3m), The Providence Center Inc ($52.4m) and St Josephs Area Health Services ($52.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.8m (3.8% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $78.5m against liabilities of $8.5m, net assets of $70.0m. It reported 349 employees.