Memorial Hospital Inc

Analysis

Memorial Hospital Inc is a registered charity in United States, based in Neillsville, WI. It received its IRS tax-exemption ruling in November 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 December 2023, Memorial Hospital Inc reported income of $41.5m and spending of $41.1m, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $27.8m to $41.5m (+49%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 17%. 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, Memorial Hospital 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 WI. Charities of a similar size with the same main cause include Athol Memorial Hospital Incorporated ($41.4m), Villa Maria Nursing & Rehabilitation Center ($41.5m) and Corewell Health ($41.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $16.7m. At year end it held assets of $52.3m against liabilities of $407k, net assets of $51.9m.