Phelps Memorial Health Center

Analysis

Phelps Memorial Health Center is a registered charity in United States, based in Holdrege, NE. It received its IRS tax-exemption ruling in June 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, Phelps Memorial Health Center reported income of $85.9m and spending of $83.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61.5m to $85.9m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phelps Memorial Health Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include Deaconess Regional Healthcare Services Illinois Inc ($85.8m), New York Ehealth Collaborative Inc ($86.0m) and Huntsville Community Hospital Inc ($85.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.0m (1.2% of expenses). Other salaries and wages came to $22.4m. At year end it held assets of $173.6m against liabilities of $31.5m, net assets of $142.2m. It reported 390 employees.