Aspirus Iron River Hospital & Clinics Inc

Analysis

Aspirus Iron River Hospital & Clinics Inc is a registered charity in United States, based in Iron River, MI. It received its IRS tax-exemption ruling in October 1995, 31 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 Iron River Hospital & Clinics Inc reported income of $39.2m and spending of $41.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.9m to $39.2m (-4.2%), an average of -1.1% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirus Iron River Hospital & Clinics Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Indiana University Health Jay Inc ($39.1m), Wooster Community Hospital Foundation ($39.2m) and Montefiore Einstein Inc ($39.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $116k (0.3% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $29.0m against liabilities of $20.6m, net assets of $8.4m. It reported 212 employees.