Towner County Medical Center Inc

Analysis

Towner County Medical Center Inc is a registered charity in United States, based in Cando, ND. It received its IRS tax-exemption ruling in May 1994, 32 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, Towner County Medical Center Inc reported income of $16.3m and spending of $15.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $16.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Towner County Medical Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within ND. Charities of a similar size with the same main cause include Upper Room AIDS Ministry Inc Adult Day Health Care Center ($16.3m), Masonic and Eastern Star Home ($16.3m) and Generations Health Association Inc ($16.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $574k (3.7% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $10.5m against liabilities of $3.5m, net assets of $7.0m. It reported 152 employees.