Aspirus Rhinelander & Tomahawk Hospitals & Clinics Inc

Analysis

Aspirus Rhinelander & Tomahawk Hospitals & Clinics Inc is a registered charity in United States, based in Rhinelander, WI. It received its IRS tax-exemption ruling in April 2023, 3 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 Rhinelander & Tomahawk Hospitals & Clinics Inc reported income of $232.5m and spending of $240.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $138.6m to $232.5m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aspirus Rhinelander & Tomahawk Hospitals & Clinics Inc sits at the 97th percentile: it is larger than about 97% 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 New England Baptist Hospital ($232.4m), Douglas Hospital Inc ($233.1m) and Hays Medical Center Inc ($231.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $400k (0.2% of expenses). Other salaries and wages came to $94.3m. At year end it held assets of $133.4m against liabilities of $80.9m, net assets of $52.6m. It reported 1,069 employees.