Hospital & Medical Foundation of Paris Inc

Analysis

Hospital & Medical Foundation of Paris Inc is a registered charity in United States, based in Paris, IL. It received its IRS tax-exemption ruling in May 1964, 62 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 December 2023, Hospital & Medical Foundation of Paris Inc reported income of $128.0m and spending of $127.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64.2m to $128.0m (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospital & Medical Foundation of Paris Inc sits at the 96th percentile: it is larger than about 96% 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 Rockford Health Physicians ($127.9m), Pacific Central Coast Health Centers ($128.0m) and Northwestern Medical Center Inc ($127.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.6m (1.3% of expenses). Other salaries and wages came to $55.0m. At year end it held assets of $91.3m against liabilities of $38.1m, net assets of $53.1m. It reported 969 employees.