Northwest Iowa Hospital Corporation

Analysis

Northwest Iowa Hospital Corporation is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in October 1983, 43 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, Northwest Iowa Hospital Corporation reported income of $221.3m and spending of $225.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $182.1m to $221.3m (+22%), an average of +5.0% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northwest Iowa Hospital Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Villages Tri-County Medical Center Inc ($221.3m), United Cerebral Palsy of New York City Inc ($221.7m) and Prisma Health ($221.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.3m (0.6% of expenses). Other salaries and wages came to $106.1m. At year end it held assets of $223.1m against liabilities of $81.2m, net assets of $141.9m. It reported 1,364 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.