Aspirus Medford Hospital & Clinics Inc

Analysis

Aspirus Medford Hospital & Clinics Inc is a registered charity in United States, based in Medford, WI. It received its IRS tax-exemption ruling in February 1964, 62 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, Aspirus Medford Hospital & Clinics Inc reported income of $108.0m and spending of $93.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $93.6m to $108.0m (+15%), an average of +3.6% a year. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirus Medford Hospital & Clinics Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include The Long Island Home ($107.8m), St Lukes Health System Corporation ($108.2m) and Susan G Komen Breast Cancer Foundation ($107.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $402k (0.4% of expenses). Other salaries and wages came to $29.6m. At year end it held assets of $76.8m against liabilities of $19.5m, net assets of $57.3m. It reported 568 employees.