Swisher Memorial Healthcare System

Analysis

Swisher Memorial Healthcare System is a registered charity in United States, based in Tulia, TX. It received its IRS tax-exemption ruling in August 2014, 12 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, Swisher Memorial Healthcare System reported income of $11.4m and spending of $12.9m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.0m to $11.4m (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Swisher Memorial Healthcare System 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 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Aspirus Ontonagon Hospital Inc ($11.4m), Kiamichi Family Medical Center Inc ($11.4m) and Northfield Retirement Communities ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $588k (4.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $7.5m against liabilities of $981k, net assets of $6.5m. It reported 104 employees.