Freeman Neosho Hospital

Analysis

Freeman Neosho Hospital is a registered charity in United States, based in Neosho, MO. It received its IRS tax-exemption ruling in January 1994, 32 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 March 2023, Freeman Neosho Hospital reported income of $37.1m and spending of $31.9m, spending 86% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $30.5m to $37.1m (+22%), an average of +5.0% a year. The sharpest change came in the year to March 2022, when income rose by 16%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freeman Neosho Hospital sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Quality of Life Health Services Inc ($37.1m), Beaumont Health Foundation ($37.1m) and Emhfl Inc ($37.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 4.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.3m (4.1% of expenses). Other salaries and wages came to $14.0m. At year end it held assets of $78.7m against liabilities of $5.5m, net assets of $73.2m. It reported 270 employees.