Mercy Hospital Carthage

Analysis

Mercy Hospital Carthage is a registered charity in United States, based in Carthage, MO. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Mercy Hospital Carthage reported income of $64.6m and spending of $59.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $50.9m to $64.6m (+27%), an average of +6.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Hospital Carthage sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Texas Guaranteed Student Loan Corporation ($64.6m), Communities of Don Guanella and Divine Providence ($64.6m) and South Nassau Communites Hospital ($64.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $20.5m. At year end it held assets of $33.9m against liabilities of $12.7m, net assets of $21.2m.