Hillsboro Area Hospital Inc

Analysis

Hillsboro Area Hospital Inc is a registered charity in United States, based in Hillsboro, IL. It received its IRS tax-exemption ruling in April 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 June 2023, Hillsboro Area Hospital Inc reported income of $34.9m and spending of $33.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.5m to $34.9m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 88% 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 Hospital Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Lifestream Inc ($34.9m), Treasure Coast Community Health Inc ($34.9m) and Whittier Street Health Center Committere Inc ($34.9m).

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 $237k (0.7% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $56.1m against liabilities of $8.1m, net assets of $48.0m. It reported 294 employees.