Memorial Community Hospital Corporation

Analysis

Memorial Community Hospital Corporation is a registered charity in United States, based in Blair, NE. It received its IRS tax-exemption ruling in July 1963, 63 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 December 2023, Memorial Community Hospital Corporation reported income of $54.1m and spending of $47.0m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.1m to $54.1m (+54%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Community Hospital Corporation 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 Blue Ridge Healthcare Medical Group Inc ($54.1m), Community Catalyst Inc ($54.2m) and Zufall Health Center Inc ($54.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 93% of the total. Other salaries and wages came to $23.0m. At year end it held assets of $63.2m against liabilities of $11.5m, net assets of $51.7m. It reported 341 employees.