Sartori Memorial Hospital Inc

Analysis

Sartori Memorial Hospital Inc is a registered charity in United States, based in Cedar Falls, IA. It received its IRS tax-exemption ruling in June 1964, 62 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 June 2023, Sartori Memorial Hospital Inc reported income of $38.1m and spending of $34.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.3m to $38.1m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sartori Memorial Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Heartland Health System Inc ($38.1m), Georgia Protoncare Center ($38.1m) and Staywell Health Care Inc ($38.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $217k (0.6% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $17.1m against liabilities of $6.8m, net assets of $10.2m. It reported 262 employees.