Hendricks Community Hospital Assn & Retirement Home

Analysis

Hendricks Community Hospital Assn & Retirement Home is a registered charity in United States, based in Hendricks, MN. It received its IRS tax-exemption ruling in September 1942, 84 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, Hendricks Community Hospital Assn & Retirement Home reported income of $19.2m and spending of $16.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.8m to $19.2m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 43%. 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, Hendricks Community Hospital Assn & Retirement Home sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include High Plains Mental Health Center Endowment Association Inc ($19.2m), New York Academy of Medicine ($19.2m) and Community Health Center of Central Wyoming Inc ($19.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $378k (2.3% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $27.3m against liabilities of $4.9m, net assets of $22.4m. It reported 198 employees.