Citizens Memorial Health Care Foundation

Analysis

Citizens Memorial Health Care Foundation is a registered charity in United States, based in Bolivar, MO. It received its IRS tax-exemption ruling in July 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Citizens Memorial Health Care Foundation reported income of $72.7m and spending of $71.0m, spending 98% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $51.6m to $72.7m (+41%), an average of +9.0% a year. The sharpest change came in the year to May 2023, when income rose by 15%. 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, Citizens Memorial Health Care Foundation 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 98th percentile within MO. Charities of a similar size with the same main cause include Camarena Health ($72.7m), Millcreek Community Hospital ($72.8m) and Brooklyn Ambulatory Care PC ($72.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.0m (1.5% of expenses). Other salaries and wages came to $28.6m. At year end it held assets of $66.5m against liabilities of $48.6m, net assets of $17.9m. It reported 1,030 employees.