Sheridan Community Hospital

Analysis

Sheridan Community Hospital is a registered charity in United States, based in Sheridan, MI. It received its IRS tax-exemption ruling in March 1952, 74 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 March 2023, Sheridan Community Hospital reported income of $17.5m and spending of $15.4m, spending 88% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $13.7m to $17.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to March 2021, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sheridan Community Hospital sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Peninsula Institute for Community Health Inc ($17.5m), New Vision Medical Laboratories Inc ($17.5m) and Universal Community Health Center ($17.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $2.0m (13% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $9.8m against liabilities of $6.2m, net assets of $3.6m. It reported 213 employees.