Harbor Beach Community Hospital Inc

Analysis

Harbor Beach Community Hospital Inc is a registered charity in United States, based in Harbor Beach, MI. It received its IRS tax-exemption ruling in June 1960, 66 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, Harbor Beach Community Hospital Inc reported income of $19.1m and spending of $18.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.7m to $19.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harbor Beach Community Hospital Inc 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 Memorial Health System ($19.1m), Marion Regional Medical Center Inc ($19.1m) and Great Salt Plains Health Center Inc ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $260k (1.4% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $13.0m against liabilities of $4.4m, net assets of $8.6m. It reported 231 employees.