Stewart Memorial Community Hospital

Analysis

Stewart Memorial Community Hospital is a registered charity in United States, based in Lake City, IA. It received its IRS tax-exemption ruling in April 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 December 2023, Stewart Memorial Community Hospital reported income of $39.4m and spending of $37.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.5m to $39.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Stewart Memorial Community Hospital 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 99th percentile within IA. Charities of a similar size with the same main cause include Lancaster General Health ($39.4m), Saint Lukes Hospital of Trenton ($39.4m) and Holcomb Associates Inc ($39.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.2m (3.3% of expenses). Other salaries and wages came to $16.3m. At year end it held assets of $55.9m against liabilities of $36.8m, net assets of $19.1m. It reported 313 employees.