Shenandoah Medical Center

Analysis

Shenandoah Medical Center is a registered charity in United States, based in Shenandoah, IA. It received its IRS tax-exemption ruling in June 1978, 48 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, Shenandoah Medical Center reported income of $59.7m and spending of $53.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.2m to $59.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shenandoah Medical Center sits at the 94th percentile: it is larger than about 94% 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 The Valley Hospital Association Inc ($59.6m), Muskingum Valley Health Centers ($59.7m) and Immanuel ($59.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $936k (1.7% of expenses). Other salaries and wages came to $22.5m. At year end it held assets of $79.8m against liabilities of $41.7m, net assets of $38.1m. It reported 407 employees.