Community Memorial Hospital & Nursing Home

Analysis

Community Memorial Hospital & Nursing Home is a registered charity in United States, based in Spring Valley, MN. It received its IRS tax-exemption ruling in April 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Memorial Hospital & Nursing Home reported income of $9.0m and spending of $7.6m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.4m to $9.0m (+66%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Memorial Hospital & Nursing Home 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 95th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Seton Medical Management ($9.0m), Cota Childrens Organ Transplant Association Inc ($9.0m) and Fort Greene Council Inc ($9.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $219k (2.9% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $14.0m against liabilities of $10.9m, net assets of $3.1m. It reported 184 employees.