Memorial Health Care Systems

Analysis

Memorial Health Care Systems is a registered charity in United States, based in Seward, NE. It received its IRS tax-exemption ruling in March 1956, 70 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 September 2023, Memorial Health Care Systems reported income of $47.8m and spending of $41.5m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $37.3m to $47.8m (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Health Care Systems 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 98th percentile within NE. Charities of a similar size with the same main cause include Park Center Inc ($47.7m), The V Foundation ($47.8m) and Hillcrest Family Health Center ($47.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $858k (2.1% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $96.6m against liabilities of $5.1m, net assets of $91.5m. It reported 313 employees.