Allen Memorial Hospital Corporation

Analysis

Allen Memorial Hospital Corporation is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in June 1941, 85 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, Allen Memorial Hospital Corporation reported income of $371.7m and spending of $381.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $310.2m to $371.7m (+20%), an average of +4.6% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Allen Memorial Hospital Corporation sits at the 98th percentile: it is larger than about 98% of them. 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 Froedtert & the Medical College of Wisconsin Community Physicians Inc ($371.3m), City Hospital Inc ($374.9m) and Holy Redeemer Health System ($370.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.9m (0.5% of expenses). Other salaries and wages came to $137.0m. At year end it held assets of $391.7m against liabilities of $147.6m, net assets of $244.1m. It reported 2,373 employees.