Hazen Memorial Hospital Association

Analysis

Hazen Memorial Hospital Association is a registered charity in United States, based in Hazen, ND. It received its IRS tax-exemption ruling in April 1969, 57 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, Hazen Memorial Hospital Association reported income of $17.3m and spending of $16.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.6m to $17.3m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hazen Memorial Hospital Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ND. Charities of a similar size with the same main cause include Klamath Health Partners Inc ($17.3m), Memorial Professional Services Ltd ($17.3m) and Southwest Healthcare Corporation ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $337k (2.1% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $41.5m against liabilities of $24.5m, net assets of $17.1m. It reported 163 employees.