Cumberland Memorial Hospital Inc

Analysis

Cumberland Memorial Hospital Inc is a registered charity in United States, based in Cumberland, WI. It received its IRS tax-exemption ruling in May 1960, 66 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 June 2023, Cumberland Memorial Hospital Inc reported income of $31.9m and spending of $35.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.1m to $31.9m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cumberland Memorial Hospital Inc sits at the 91st percentile: it is larger than about 91% 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 Samuel U Rodgers Health Center Inc ($31.9m), Korean Health Education Information and Research Center ($31.9m) and Waikiki Health ($31.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $732k (2.1% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $66.4m against liabilities of $45.7m, net assets of $20.7m. It reported 263 employees.