Fall River Health Services

Analysis

Fall River Health Services is a registered charity in United States, based in Hot Springs, SD. It received its IRS tax-exemption ruling in June 1999, 27 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, Fall River Health Services reported income of $30.9m and spending of $30.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.7m to $30.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 31%. 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, Fall River Health Services sits at the 91st percentile: it is larger than about 91% 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 Apis Services Inc ($30.9m), Virginia Home ($30.9m) and Fairview Physician Associates Network ($30.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $675k (2.2% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $39.7m against liabilities of $17.0m, net assets of $22.7m. It reported 310 employees.