The Mary Lanning Memorial Hospital Association

Analysis

The Mary Lanning Memorial Hospital Association is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in April 1937, 89 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Mary Lanning Memorial Hospital Association reported income of $243.2m and spending of $227.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $202.6m to $243.2m (+20%), an average of +4.7% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Mary Lanning Memorial Hospital Association 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 NE. Charities of a similar size with the same main cause include Capital Region Medical Center ($242.9m), St Lukes - St Vincents Healthcareinc ($244.1m) and Shore Memorial Hospital ($242.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $908k (0.4% of expenses). Other salaries and wages came to $84.8m. At year end it held assets of $249.6m against liabilities of $86.5m, net assets of $163.2m. It reported 1,386 employees.