Jennie Edmundson Memorial Hospital

Analysis

Jennie Edmundson Memorial Hospital is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in July 1937, 89 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, Jennie Edmundson Memorial Hospital reported income of $150.2m and spending of $139.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $122.0m to $150.2m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 15%. 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, Jennie Edmundson Memorial Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Grande Ronde Hospital Inc ($150.2m), St Lukes Quakertown Hospital ($150.3m) and Navicent Health Inc ($150.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $80k (0.1% of expenses). Other salaries and wages came to $57.9m. At year end it held assets of $179.2m against liabilities of $31.9m, net assets of $147.3m. It reported 1,048 employees.