Thedacare Medical Center New London Inc

Analysis

Thedacare Medical Center New London Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in May 1975, 51 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, Thedacare Medical Center New London Inc reported income of $38.5m and spending of $33.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.5m to $38.5m (+8.3%), an average of +2.0% a year. 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, Thedacare Medical Center New London 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 Teresian House Nursing Home Co Inc ($38.4m), Vista Hill Foundation ($38.5m) and Blessingcare Corporation ($38.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $14.3m. At year end it held assets of $138.4m against liabilities of $1.1m, net assets of $137.3m.