Cooperstown Medical Center

Analysis

Cooperstown Medical Center is a registered charity in United States, based in Cooperstown, ND. It received its IRS tax-exemption ruling in February 1957, 69 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, Cooperstown Medical Center reported income of $5.2m and spending of $5.2m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $5.4m to $5.2m (-3.5%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cooperstown Medical Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ND. Charities of a similar size with the same main cause include Waller County Volunteer E M S Inc ($5.2m), Minnesota Brain Injury Alliance ($5.2m) and Avalon Healing Center ($5.2m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 12% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $169k (3.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $20.9m against liabilities of $17.3m, net assets of $3.6m. It reported 52 employees.