Community Memorial Hospital Inc

Analysis

Community Memorial Hospital Inc is a registered charity in United States, based in Burke, SD. It received its IRS tax-exemption ruling in December 1949, 77 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 December 2023, Community Memorial Hospital Inc reported income of $8.0m and spending of $7.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $8.0m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Memorial Hospital Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include Opportunities for a Better Tomorrow Inc ($8.0m), Hazleton Health & Wellness Center ($8.0m) and Ohio Suicide Prevention Foundation ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $99k (1.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $16.8m against liabilities of $3.6m, net assets of $13.3m. It reported 65 employees.