Nebraska Heart Hospital

Analysis

Nebraska Heart Hospital is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Nebraska Heart Hospital reported income of $76.7m and spending of $69.0m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $70.3m to $76.7m (+9.1%), an average of +2.2% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nebraska Heart Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include Hopewell Health Centers Inc ($76.6m), Care Dimensions Inc ($76.8m) and Brockton Neighborhood Health Center Inc ($76.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $69k (0.1% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $205.9m against liabilities of $4.8m, net assets of $201.2m. It reported 354 employees.