Truman Medical Center Incorporated

Analysis

Truman Medical Center Incorporated is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in October 1986, 40 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, Truman Medical Center Incorporated reported income of $776.1m and spending of $767.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $608.9m to $776.1m (+27%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Truman Medical Center Incorporated 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 Stamford Hospital ($776.1m), Prime Healthcare Foundation Inc ($776.3m) and Vassar Brothers Hospital ($774.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $3.1m (0.4% of expenses). Other salaries and wages came to $346.1m. At year end it held assets of $497.2m against liabilities of $307.9m, net assets of $189.3m. It reported 5,288 employees.