Freeman Health System

Analysis

Freeman Health System is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in March 1995, 31 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 March 2023, Freeman Health System reported income of $654.5m and spending of $629.0m, spending 96% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $553.5m to $654.5m (+18%), an average of +4.3% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freeman Health System sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MO. Charities of a similar size with the same main cause include Pikeville Medical Center Inc ($652.8m), Shannon Medical Center ($654.8m) and Floyd Healthcare Management Inc ($652.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $7.8m (1.2% of expenses). Other salaries and wages came to $289.3m. At year end it held assets of $689.9m against liabilities of $176.4m, net assets of $513.5m. It reported 4,525 employees.