Aspirus Wausau Hospital Inc

Analysis

Aspirus Wausau Hospital Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in July 1971, 55 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 Wausau Hospital Inc reported income of $681.3m and spending of $632.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $570.3m to $681.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirus Wausau Hospital Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Elliot Hospital of the City of Manchester ($676.6m), Anmed Health ($681.6m) and St Vincent Hospital of the Hospital Sisters of the Third Order of St ($673.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.3m (0.2% of expenses). Other salaries and wages came to $169.3m. At year end it held assets of $412.2m against liabilities of $213.1m, net assets of $199.1m. It reported 3,361 employees.