Heartland Regional Medical Center

Analysis

Heartland Regional Medical Center is a registered charity in United States, based in Saint Joseph, MO. It received its IRS tax-exemption ruling in March 1937, 89 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 June 2023, Heartland Regional Medical Center reported income of $727.8m and spending of $723.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $668.8m to $727.8m (+8.8%), an average of +2.1% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heartland Regional Medical Center 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 Mercy Hospital Oklahoma City Inc ($724.7m), Cedars-Sinai Medical Care Foundation ($727.9m) and Huntington Hospital Association ($722.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.1m (0.3% of expenses). Other salaries and wages came to $281.0m. At year end it held assets of $462.0m against liabilities of $51.2m, net assets of $410.8m. It reported 3,891 employees.