Memorial Health System

Analysis

Memorial Health System is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Memorial Health System reported income of $19.1m and spending of $19.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $19.1m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Health System sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Great Salt Plains Health Center Inc ($19.1m), Harbor Beach Community Hospital Inc ($19.1m) and Alamo Area Resource Center Inc ($19.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $194k (1.0% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $19.7m against liabilities of $1.9m, net assets of $17.7m. It reported 292 employees.