Baum-Harmon Mercy Hospital

Analysis

Baum-Harmon Mercy Hospital is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in June 2002, 24 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, Baum-Harmon Mercy Hospital reported income of $7.7m and spending of $8.9m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.0m to $7.7m (-4.2%), an average of -1.1% a year. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Baum-Harmon Mercy Hospital sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include Mental Health Resources Inc ($7.7m), CHC Community Care Inc ($7.7m) and Suburban Access Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $464k (5.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $3.7m against liabilities of $975k, net assets of $2.7m.