Fairfield Memorial Hospital Association

Analysis

Fairfield Memorial Hospital Association is a registered charity in United States, based in Fairfield, IL. It received its IRS tax-exemption ruling in September 1945, 81 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 June 2023, Fairfield Memorial Hospital Association reported income of $51.9m and spending of $52.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.6m to $51.9m (+59%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairfield Memorial Hospital Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include St James Hospital ($51.9m), Baptist Health South Florida Foundation Inc ($51.9m) and Mens Health Foundation ($51.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $734k (1.4% of expenses). Other salaries and wages came to $21.7m. At year end it held assets of $60.7m against liabilities of $33.5m, net assets of $27.2m. It reported 477 employees.