The Howard Young Medical Center Inc

Analysis

The Howard Young Medical Center Inc is a registered charity in United States, based in Woodruff, WI. It received its IRS tax-exemption ruling in October 1955, 71 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, The Howard Young Medical Center Inc reported income of $31.1m and spending of $37.3m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $57.9m to $31.1m (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Howard Young Medical Center 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 Providence Portland Medical Foundation ($31.1m), Bath County Community Hospital ($31.2m) and Comprehensive Mental Health Center of Tacoma Pierce County ($31.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $407k (1.1% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $84.5m against liabilities of $20.4m, net assets of $64.0m. It reported 228 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.