Central Iowa Hospital Corporation

Analysis

Central Iowa Hospital Corporation is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 1948, 78 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, Central Iowa Hospital Corporation reported income of $1.23bn and spending of $1.09bn, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $915.0m to $1.23bn (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Central Iowa Hospital Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Driscoll Childrens Health Plan ($1.23bn), Presbyterian Medical Center of the University of Pennsylvania Health ($1.23bn) and Caresource Indiana Inc ($1.22bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $5.8m (0.5% of expenses). Other salaries and wages came to $488.2m. At year end it held assets of $1.55bn against liabilities of $287.7m, net assets of $1.26bn. It reported 6,549 employees.