Blessing Hospital

Analysis

Blessing Hospital is a registered charity in United States, based in Quincy, IL. It received its IRS tax-exemption ruling in October 1938, 88 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 September 2023, Blessing Hospital reported income of $625.1m and spending of $602.1m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $462.5m to $625.1m (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2021, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Blessing Hospital sits at the 99th percentile: it is larger than about 99% of them. 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 Saint Agnes Medical Center ($624.8m), Mercy Hospital South ($625.2m) and Greater Baltimore Medical Center ($624.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $3.7m (0.6% of expenses). Other salaries and wages came to $264.0m. At year end it held assets of $758.0m against liabilities of $264.7m, net assets of $493.4m. It reported 4,427 employees.