Gibson Area Hospital

Analysis

Gibson Area Hospital is a registered charity in United States, based in Gibson City, IL. It received its IRS tax-exemption ruling in June 2003, 23 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 September 2023, Gibson Area Hospital reported income of $154.4m and spending of $154.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $103.3m to $154.4m (+49%), an average of +11% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gibson Area Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Houston Christian University ($153.8m), Donor Network West ($155.1m) and Acension St Vincent South Side ($153.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.4m (0.9% of expenses). Other salaries and wages came to $69.5m. At year end it held assets of $82.2m against liabilities of $57.2m, net assets of $25.0m. It reported 1,106 employees.