Marshfield Clinic Inc

Analysis

Marshfield Clinic Inc is a registered charity in United States, based in Marshfield, WI. It received its IRS tax-exemption ruling in October 1987, 39 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, Marshfield Clinic Inc reported income of $633.6m and spending of $618.3m, spending 98% of its income. Across the 6 years on record, from September 2019 to December 2023, income fell from $922.2m to $633.6m (-31%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marshfield Clinic Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Scott & White Hospital Round Rock ($633.0m), Bon Secours Charity Health System Affiliated Group ($636.4m) and Holy Cross Hospital Inc ($632.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $8.5m (1.4% of expenses). Other salaries and wages came to $331.3m. At year end it held assets of $800.0m against liabilities of $615.5m, net assets of $184.6m. It reported 1,408 employees.