Community Memorial Healthcenter Association

Analysis

Community Memorial Healthcenter Association is a registered charity in United States, based in Hartley, IA. It received its IRS tax-exemption ruling in April 1962, 64 years ago. 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, Community Memorial Healthcenter Association reported income of $5.8m and spending of $7.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $5.8m (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Memorial Healthcenter 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 93rd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include National Health Council Inc ($5.8m), Canton College Foundation Inc ($5.8m) and Covenant Ministries of Benevolence ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $10.5m against liabilities of $621k, net assets of $9.9m. It reported 115 employees.