Westfields Hospital Inc

Analysis

Westfields Hospital Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in January 2006, 20 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, Westfields Hospital Inc reported income of $95.3m and spending of $89.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $70.1m to $95.3m (+36%), an average of +8.0% a year. 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, Westfields Hospital 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 MN. Charities of a similar size with the same main cause include Core Physicians LLC ($94.9m), Christian Health Care Center ($95.5m) and Samaritan North Lincoln Hospital ($94.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $236k (0.3% of expenses). Other salaries and wages came to $46.2m. At year end it held assets of $80.1m against liabilities of $12.7m, net assets of $67.4m. It reported 515 employees.