Jacobson Memorial Hospital Care Center

Analysis

Jacobson Memorial Hospital Care Center is a registered charity in United States, based in Elgin, ND. It received its IRS tax-exemption ruling in October 1949, 77 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 2022, Jacobson Memorial Hospital Care Center reported income of $12.3m and spending of $13.1m, spending 107% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $9.6m to $12.3m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 32%. 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, Jacobson Memorial Hospital Care Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within ND. Charities of a similar size with the same main cause include National Minority AIDS Council Dba AIDS Programs of the National ($12.3m), North Central Missouri Mental Healt H Center ($12.3m) and Ut Southwestern Moncrief Cancer Center ($12.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $349k (2.7% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $9.2m against liabilities of $3.9m, net assets of $5.3m. It reported 117 employees.