Fallon Medical Complex Inc

Analysis

Fallon Medical Complex Inc is a registered charity in United States, based in Baker, MT. It received its IRS tax-exemption ruling in February 1992, 34 years ago. 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 June 2023, Fallon Medical Complex Inc reported income of $10.5m and spending of $12.3m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.3m to $10.5m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fallon Medical Complex Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MT. Charities of a similar size with the same main cause include Ronald C Wornick Jewish Day School ($10.5m), Wesco Industries ($10.5m) and Downtown Action to Save Housing ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $332k (2.7% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $21.9m against liabilities of $962k, net assets of $21.0m. It reported 115 employees.