Marshfield Clinic Health System Inc

Analysis

Marshfield Clinic Health System Inc is a registered charity in United States, based in Marshfield, WI. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marshfield Clinic Health System Inc reported income of $356.6m and spending of $338.9m, spending 95% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $246.0m to $356.6m (+45%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 314%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marshfield Clinic Health System Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Physicians of University Hospital PC ($356.3m), Gettysburg Hospital ($357.4m) and Winchester Hospital ($356.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $9.5m (2.8% of expenses). Other salaries and wages came to $116.8m. At year end it held assets of $687.5m against liabilities of $296.8m, net assets of $390.7m. It reported 11,480 employees.