Holland Community Hospital

Analysis

Holland Community Hospital is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in November 1985, 41 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, Holland Community Hospital reported income of $302.2m and spending of $296.8m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $277.0m to $302.2m (+9.1%), an average of +2.2% a year. 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, Holland Community Hospital sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MI. Charities of a similar size with the same main cause include Careplus Bergen ($301.1m), Lifespan Corporation ($302.2m) and Vidant Medical Group LLC ($301.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.3m (0.8% of expenses). Other salaries and wages came to $131.7m. At year end it held assets of $538.5m against liabilities of $121.9m, net assets of $416.6m. It reported 2,662 employees.