International Falls Memorial Hospital Assn

Analysis

International Falls Memorial Hospital Assn is a registered charity in United States, based in Intl Falls, MN. It received its IRS tax-exemption ruling in March 1956, 70 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 December 2023, International Falls Memorial Hospital Assn reported income of $34.5m and spending of $34.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.6m to $34.5m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, International Falls Memorial Hospital Assn sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include HCSC Blood Center ($34.5m), Life Connection of Ohio ($34.5m) and Upmc ($34.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $572k (1.7% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $38.0m against liabilities of $11.8m, net assets of $26.2m. It reported 255 employees.