Brodstone Memorial Hospital

Analysis

Brodstone Memorial Hospital is a registered charity in United States, based in Superior, NE. It received its IRS tax-exemption ruling in May 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Brodstone Memorial Hospital reported income of $41.1m and spending of $36.7m, spending 89% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $31.6m to $41.1m (+30%), an average of +9.1% a year. The sharpest change came in the year to April 2021, when income rose by 17%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brodstone Memorial Hospital sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NE. Charities of a similar size with the same main cause include Stowers Institute for Medical Research ($41.0m), Rochester Regional Health ($41.1m) and Stony Brook Orthopaedic Associates University Faculty Practice Corp ($41.0m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $617k (1.7% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $64.4m against liabilities of $14.6m, net assets of $49.8m. It reported 274 employees.