Vernon Memorial Healthcare Inc

Analysis

Vernon Memorial Healthcare Inc is a registered charity in United States, based in Viroqua, WI. It received its IRS tax-exemption ruling in June 1956, 70 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 September 2023, Vernon Memorial Healthcare Inc reported income of $87.8m and spending of $82.1m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $80.7m to $87.8m (+8.9%), an average of +2.1% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vernon Memorial Healthcare Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Texas Health Harris Methodist Hospital Cleburne ($87.7m), Taos Health Systems Inc Holy Cross Hospital ($88.1m) and Harrison Memorial Hospital ($87.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.2m (1.5% of expenses). Other salaries and wages came to $33.0m. At year end it held assets of $122.3m against liabilities of $22.7m, net assets of $99.6m. It reported 555 employees.