Memorial Hospital of Boscobel

Analysis

Memorial Hospital of Boscobel is a registered charity in United States, based in Boscobel, WI. It received its IRS tax-exemption ruling in March 1953, 73 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, Memorial Hospital of Boscobel reported income of $24.8m and spending of $21.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $23.2m to $24.8m (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 86% 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 of Boscobel sits at the 90th percentile: it is larger than about 90% 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 Greene County Health Care Incorporated ($24.8m), Brainerd Medical Center Inc ($24.8m) and Baltimore Washington Emergency Physicians Inc ($24.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $312k (1.4% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $34.6m against liabilities of $2.3m, net assets of $32.3m.