Hannibal Regional Healthcare System Inc

Analysis

Hannibal Regional Healthcare System Inc is a registered charity in United States, based in Hannibal, MO. It received its IRS tax-exemption ruling in September 1987, 39 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 September 2023, Hannibal Regional Healthcare System Inc reported income of $268.7m and spending of $273.9m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $191.9m to $268.7m (+40%), an average of +8.8% a year. The sharpest change came in the year to September 2021, when income rose by 18%. 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, Hannibal Regional Healthcare System Inc 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 99th percentile within MO. Charities of a similar size with the same main cause include St Lukes Cornwall Hospital ($268.2m), Colorado West Healthcare System ($268.8m) and Piedmont Eastside Hospital Inc ($268.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.3m (1.6% of expenses). Other salaries and wages came to $118.4m. At year end it held assets of $199.0m against liabilities of $81.4m, net assets of $117.5m. It reported 1,722 employees.