Knoxville Community Hospital Inc

Analysis

Knoxville Community Hospital Inc is a registered charity in United States, based in Knoxville, IA. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Knoxville Community Hospital Inc reported income of $48.8m and spending of $44.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.7m to $48.8m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Knoxville Community Hospital Inc 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 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Texas Health Presbyterian Hospital Kaufman ($48.8m), Cumberland Heights Foundation Inc ($48.9m) and Childrens Hospital Anesthesia Corporation ($48.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $219k (0.5% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $52.4m against liabilities of $20.1m, net assets of $32.4m. It reported 369 employees.