Freeman Regional Health Services

Analysis

Freeman Regional Health Services is a registered charity in United States, based in Freeman, SD. It received its IRS tax-exemption ruling in February 1966, 60 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, Freeman Regional Health Services reported income of $20.4m and spending of $16.8m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.9m to $20.4m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freeman Regional Health Services sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within SD. Charities of a similar size with the same main cause include Knights Templar Eye Foundation Inc ($20.4m), Germantown Home ($20.4m) and Northern Pines Mental Health Center Inc ($20.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $356k (2.1% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $23.9m against liabilities of $1.7m, net assets of $22.2m. It reported 270 employees.