Iroquois Memorial Hospital and Resident Home

Analysis

Iroquois Memorial Hospital and Resident Home is a registered charity in United States, based in Watseka, IL. It received its IRS tax-exemption ruling in June 1923, 103 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 2021, Iroquois Memorial Hospital and Resident Home reported income of $40.5m and spending of $33.7m, spending 83% of its income. Across the 3 years on record, from September 2019 to September 2021, income grew from $28.6m to $40.5m (+42%), an average of +19% a year. The sharpest change came in the year to September 2021, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Iroquois Memorial Hospital and Resident Home sits at the 92nd percentile: it is larger than about 92% 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 Frances Mahon Deaconess Hospital ($40.5m), Rogue Community Health ($40.5m) and Essentia Health Moose Lake ($40.5m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $439k (1.3% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $26.6m against liabilities of $13.8m, net assets of $12.8m. It reported 426 employees.