Community Memorial Hospital Association

Analysis

Community Memorial Hospital Association is a registered charity in United States, based in Cloquet, MN. It received its IRS tax-exemption ruling in June 1960, 66 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 September 2023, Community Memorial Hospital Association reported income of $66.0m and spending of $72.6m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $61.1m to $66.0m (+8.0%), an average of +2.0% a year. The sharpest change came in the year to September 2021, when income rose by 25%. 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, Community Memorial Hospital Association sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Norton Properties Inc ($66.0m), Planned Parenthood Shasta Diablo Inc ($66.1m) and Wisconsin Illinois Senior Housing Inc ($65.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.5m (2.0% of expenses). Other salaries and wages came to $33.0m. At year end it held assets of $48.9m against liabilities of $33.1m, net assets of $15.8m. It reported 576 employees.