Sioux Valley Memorial Hospital Association

Analysis

Sioux Valley Memorial Hospital Association is a registered charity in United States, based in Cherokee, IA. It received its IRS tax-exemption ruling in June 1940, 86 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, Sioux Valley Memorial Hospital Association reported income of $55.6m and spending of $49.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.7m to $55.6m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sioux Valley Memorial Hospital Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Franciscan Care Services Inc ($55.5m), Central Montana Medical Facilities Inc ($55.6m) and We Are Blood ($55.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $3.1m (6.3% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $89.2m against liabilities of $7.0m, net assets of $82.2m. It reported 398 employees.