Keokuk Area Hospital

Analysis

Keokuk Area Hospital is a registered charity in United States, based in Keokuk, IA. It received its IRS tax-exemption ruling in April 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 September 2022, Keokuk Area Hospital reported income of $21.6m and spending of $18.9m, spending 87% of its income. Across the 4 years on record, from December 2019 to September 2022, income grew from $11.7m to $21.6m (+85%), an average of +23% a year. The sharpest change came in the year to September 2022, when income rose by 78%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Keokuk Area Hospital sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include North Mississippi Commission on Mental Illness & Mental Retardatio ($21.6m), Baycare Alliant Hospital Inc ($21.7m) and Elton John AIDS Foundation Inc ($21.6m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 52% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $245k (1.3% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $5.2m against liabilities of $3.3m, net assets of $1.9m. It reported 227 employees.