Ely-Bloomenson Community Hospital

Analysis

Ely-Bloomenson Community Hospital is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in April 1957, 69 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, Ely-Bloomenson Community Hospital reported income of $31.2m and spending of $30.5m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.1m to $31.2m (+41%), an average of +9.0% a year. The sharpest change came in the year to September 2021, when income rose by 43%. 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, Ely-Bloomenson Community Hospital 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 Healthy Connections Inc ($31.2m), Anna Freud Centre ($31.2m) and Visiting Nurse Association of Texas ($31.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $790k (2.6% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $29.9m against liabilities of $12.5m, net assets of $17.4m. It reported 151 employees.