Madison Community Hospital

Analysis

Madison Community Hospital is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in February 1937, 89 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, Madison Community Hospital reported income of $35.7m and spending of $34.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.5m to $35.7m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. 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, Madison Community Hospital sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SD. Charities of a similar size with the same main cause include Unity House of Troy Incorporated ($35.7m), American Association of Critical Care Nurses ($35.7m) and Home for the Friendless ($35.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $617k (1.8% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $58.2m against liabilities of $29.4m, net assets of $28.8m. It reported 327 employees.