Aspirus Ironwood Hospital & Clinics Inc

Analysis

Aspirus Ironwood Hospital & Clinics Inc is a registered charity in United States, based in Ironwood, MI. It received its IRS tax-exemption ruling in March 1990, 36 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 June 2023, Aspirus Ironwood Hospital & Clinics Inc reported income of $74.2m and spending of $69.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $62.9m to $74.2m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirus Ironwood Hospital & Clinics 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 MI. Charities of a similar size with the same main cause include HSS Properties Corporation ($74.1m), Joslin Diabetes Center Inc ($74.2m) and Three Rivers Health System Inc ($73.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $312k (0.4% of expenses). Other salaries and wages came to $24.4m. At year end it held assets of $48.1m against liabilities of $25.6m, net assets of $22.5m. It reported 311 employees.