Osceola Community Hospital Inc

Analysis

Osceola Community Hospital Inc is a registered charity in United States, based in Sibley, IA. It received its IRS tax-exemption ruling in October 1965, 61 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 June 2023, Osceola Community Hospital Inc reported income of $13.5m and spending of $14.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.6m to $13.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Osceola Community Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Help-New Mexico Inc ($13.5m), Georgia Association for Primary Health Care Inc ($13.5m) and Leonard and Susan Fuchs Mizrachi School ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $288k (2.1% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $20.0m against liabilities of $4.8m, net assets of $15.2m. It reported 164 employees.