Thomas H Boyd Memorial Hospital

Analysis

Thomas H Boyd Memorial Hospital is a registered charity in United States, based in Carrollton, IL. It received its IRS tax-exemption ruling in August 1943, 83 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 August 2023, Thomas H Boyd Memorial Hospital reported income of $16.2m and spending of $15.6m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $12.1m to $16.2m (+33%), an average of +7.4% a year. The sharpest change came in the year to August 2021, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thomas H Boyd Memorial Hospital sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include United Cerebral Palsy Association of the Rochester Area Inc ($16.2m), United Summit Center Inc ($16.2m) and St Luke Foundation ($16.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $323k (2.1% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $8.2m against liabilities of $2.7m, net assets of $5.4m. It reported 168 employees.