Ozarks Medical Center

Analysis

Ozarks Medical Center is a registered charity in United States, based in West Plains, MO. It received its IRS tax-exemption ruling in April 1960, 66 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 December 2023, Ozarks Medical Center reported income of $229.5m and spending of $238.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186.0m to $229.5m (+23%), an average of +5.4% a year. 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, Ozarks Medical Center sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MO. Charities of a similar size with the same main cause include Ascension Medical Group-Southeast Wisconsin Inc ($229.4m), Regional West Medical Center ($230.4m) and Beckman Research Institute ($229.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $3.7m (1.5% of expenses). Other salaries and wages came to $89.9m. At year end it held assets of $205.2m against liabilities of $102.8m, net assets of $102.5m. It reported 1,687 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.