El Campo Memorial Hospital

Analysis

El Campo Memorial Hospital is a registered charity in United States, based in El Campo, TX. It received its IRS tax-exemption ruling in April 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 2021, El Campo Memorial Hospital reported income of $48.5m and spending of $45.0m, spending 93% of its income. Across the 4 years on record, from March 2019 to December 2021, income grew from $36.9m to $48.5m (+31%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, El Campo Memorial Hospital sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include City of Philadelphia Ttee Administering Wills Eye Institute ($48.4m), Wheaton Franciscan Healthcare-Iowa Inc ($48.5m) and Moses H Cone Memorial Hospital ($48.4m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 21% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $898k (2.0% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $18.8m against liabilities of $7.8m, net assets of $10.9m.