Eureka Community & Benevolent Hospital

Analysis

Eureka Community & Benevolent Hospital is a registered charity in United States, based in Eureka, SD. It received its IRS tax-exemption ruling in June 1932, 94 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, Eureka Community & Benevolent Hospital reported income of $4.5m and spending of $5.1m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $4.5m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eureka Community & Benevolent Hospital sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within SD. Charities of a similar size with the same main cause include Rhode Island Health Center Association Incorporated ($4.5m), The Rainbow Connection ($4.5m) and Emc Health Foundation ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $173k (3.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.2m against liabilities of $6.9m, net assets of $3.3m. It reported 46 employees.