Mercy Hospital Springfield

Analysis

Mercy Hospital Springfield is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in March 1946, 80 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, Mercy Hospital Springfield reported income of $1.12bn and spending of $1.04bn, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.08bn to $1.12bn (+4.4%), an average of +1.1% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Hospital Springfield sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Southcoast Hospitals Group Inc ($1.12bn), Asante ($1.13bn) and Gundersen Lutheran Medical Center Inc ($1.11bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $414.7m. At year end it held assets of $537.1m against liabilities of $107.7m, net assets of $429.4m.