Spooner Health System Inc

Analysis

Spooner Health System Inc is a registered charity in United States, based in Spooner, WI. It received its IRS tax-exemption ruling in April 1956, 70 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 March 2023, Spooner Health System Inc reported income of $32.5m and spending of $31.2m, spending 96% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $27.6m to $32.5m (+18%), an average of +4.2% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Spooner Health System 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 Baker County Medical Services Inc ($32.5m), Clinical Health Network for Transformation Inc ($32.6m) and Saint Lukes Hospital of Garnett Inc ($32.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $200k (0.6% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $63.1m against liabilities of $21.5m, net assets of $41.6m. It reported 173 employees.