Hudson Hospital Inc

Analysis

Hudson Hospital Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in October 1954, 72 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, Hudson Hospital Inc reported income of $80.6m and spending of $72.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $63.5m to $80.6m (+27%), an average of +6.1% a year. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hudson Hospital 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 MN. Charities of a similar size with the same main cause include The Medical University of South Carolina Foundation ($80.6m), Amsterdam Nursing Home Corporation ($80.6m) and Cherokee Health Systems ($80.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $269k (0.4% of expenses). Other salaries and wages came to $35.0m. At year end it held assets of $119.5m against liabilities of $11.2m, net assets of $108.3m. It reported 528 employees.