Hoopeston Community Memorial Hospital

Analysis

Hoopeston Community Memorial Hospital is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in January 1960, 66 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, Hoopeston Community Memorial Hospital reported income of $72.6m and spending of $72.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $67.3m to $72.6m (+7.8%), an average of +1.9% a year. 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, Hoopeston Community Memorial Hospital 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 IL. Charities of a similar size with the same main cause include Long Island Jewish Medical Center at Home Pharmacy Inc ($72.5m), St Lukes Health Network Inc ($72.6m) and Central Virginia Health Services Inc ($72.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $232k (0.3% of expenses). Other salaries and wages came to $30.5m. At year end it held assets of $26.2m against liabilities of $12.8m, net assets of $13.4m. It reported 376 employees.