Hegg Memorial Hospital

Analysis

Hegg Memorial Hospital is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in January 1973, 53 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, Hegg Memorial Hospital reported income of $26.2m and spending of $26.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $26.2m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hegg Memorial Hospital sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within SD. Charities of a similar size with the same main cause include Tri-County Mental Health Services Inc ($26.2m), Community Health Development Inc ($26.2m) and Planned Parenthood California Central Coast ($26.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $499k (1.9% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $54.7m against liabilities of $18.8m, net assets of $35.9m. It reported 346 employees.