Richland Medical Center Inc

Analysis

Richland Medical Center Inc is a registered charity in United States, based in Richland, MO. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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 November 2023, Richland Medical Center Inc reported income of $24.7m and spending of $25.2m, spending 102% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $13.8m to $24.7m (+79%), an average of +16% a year. The sharpest change came in the year to November 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richland Medical Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Saint Elizabeth Home East Greenwich ($24.6m), The Denver Health and Hospitals Foundation ($24.7m) and St Vincents Special Needs Center Inc ($24.6m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $330k (1.3% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $13.2m against liabilities of $3.7m, net assets of $9.5m. It reported 235 employees.