Monument Health Network Inc

Analysis

Monument Health Network Inc is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in December 1981, 45 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, Monument Health Network Inc reported income of $210.7m and spending of $200.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $159.9m to $210.7m (+32%), an average of +7.1% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monument Health Network Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within SD. Charities of a similar size with the same main cause include St Claire Medical Center Inc ($210.7m), Beacon Health System Inc ($210.8m) and Central Texas Community Health Centers ($210.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $2.4m (1.2% of expenses). Other salaries and wages came to $86.2m. At year end it held assets of $138.9m against liabilities of $61.6m, net assets of $77.3m. It reported 1,287 employees.