Mercy Hospital Ada Inc

Analysis

Mercy Hospital Ada Inc is a registered charity in United States, based in Ada, OK. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Mercy Hospital Ada Inc reported income of $118.2m and spending of $118.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $107.2m to $118.2m (+10%), an average of +2.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mercy Hospital Ada Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OK. Charities of a similar size with the same main cause include Gaston Family Health Services Inc ($118.0m), Franciscan Communities Inc ($119.0m) and New York Medical College ($117.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $48.9m. At year end it held assets of $59.3m against liabilities of $43.1m, net assets of $16.2m.