Richland Memorial Hospital Inc

Analysis

Richland Memorial Hospital Inc is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in December 1996, 30 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, Richland Memorial Hospital Inc reported income of $64.0m and spending of $74.0m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $55.5m to $64.0m (+15%), an average of +3.6% a year. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richland Memorial Hospital Inc sits at the 94th percentile: it is larger than about 94% 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 Northwell Health Stern Family Center for Rehabilitation ($64.0m), Momentum for Health ($64.0m) and Silver Hill Hospital Inc ($64.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Other salaries and wages came to $35.2m. At year end it held assets of $24.9m against liabilities of $12.9m, net assets of $12.0m. It reported 514 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.