Richland Hospital

Analysis

Richland Hospital is a registered charity in United States, based in Richland Ctr, WI. It received its IRS tax-exemption ruling in October 1937, 89 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, Richland Hospital reported income of $74.3m and spending of $75.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.1m to $74.3m (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Richland Hospital 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 WI. Charities of a similar size with the same main cause include Mid-Columbia Medical Center ($74.2m), American Association for Cancer Research ($74.3m) and Joslin Diabetes Center Inc ($74.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $893k (1.2% of expenses). Other salaries and wages came to $31.9m. At year end it held assets of $94.1m against liabilities of $11.7m, net assets of $82.3m. It reported 498 employees.