Aitkin Community Hospital Inc

Analysis

Aitkin Community Hospital Inc is a registered charity in United States, based in Aitkin, MN. It received its IRS tax-exemption ruling in May 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 September 2023, Aitkin Community Hospital Inc reported income of $96.1m and spending of $94.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $75.3m to $96.1m (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aitkin Community Hospital Inc sits at the 95th percentile: it is larger than about 95% 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 The Childrens Center Inc ($95.9m), The Westchester Medical Practice PC ($96.2m) and Signal Behavioral Health Network ($95.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.1m (2.3% of expenses). Other salaries and wages came to $33.5m. At year end it held assets of $133.2m against liabilities of $55.5m, net assets of $77.7m. It reported 558 employees.