Huron Regional Medical Center Inc

Analysis

Huron Regional Medical Center Inc is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in March 1978, 48 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, Huron Regional Medical Center Inc reported income of $53.6m and spending of $52.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.8m to $53.6m (+28%), an average of +6.4% a year. 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, Huron Regional Medical Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SD. Charities of a similar size with the same main cause include Texas Health Harris Methodist Hospital Azle ($53.5m), Gibson General Hospital Inc ($53.6m) and Comanche County Medical Center Company ($53.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 92% of the total. Other salaries and wages came to $22.8m. At year end it held assets of $111.9m against liabilities of $7.0m, net assets of $104.9m. It reported 473 employees.