Mobridge Regional Hospital

Analysis

Mobridge Regional Hospital is a registered charity in United States, based in Mobridge, SD. It received its IRS tax-exemption ruling in June 1959, 67 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 September 2023, Mobridge Regional Hospital reported income of $27.2m and spending of $28.2m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.2m to $27.2m (+12%), an average of +3.0% a year. The sharpest change came in the year to September 2021, when income rose by 25%. 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, Mobridge Regional Hospital sits at the 90th percentile: it is larger than about 90% 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 Springfield Medical Care Systems Inc ($27.2m), Cyberspace Innovation Center Incoporated ($27.2m) and Trigg County Hospital Inc ($27.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $968k (3.4% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $47.7m against liabilities of $21.0m, net assets of $26.7m. It reported 255 employees.