Hillsboro Area Health System NFP

Analysis

Hillsboro Area Health System NFP is a registered charity in United States, based in Hillsboro, IL. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hillsboro Area Health System NFP reported income of $272k and spending of $299k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $195k to $272k (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 124% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hillsboro Area Health System NFP sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Heart and Soul Clinic Inc ($272k), Luminaries Inc ($272k) and Wiggle Your Toes Inc ($272k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 38% of the total. Other salaries and wages came to $51k. At year end it held assets of $8.4m against liabilities of $65k, net assets of $8.4m.

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.