Niobrara Valley Hospital Corporation

Analysis

Niobrara Valley Hospital Corporation is a registered charity in United States, based in Lynch, NE. It received its IRS tax-exemption ruling in November 1975, 51 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 August 2023, Niobrara Valley Hospital Corporation reported income of $3.7m and spending of $3.5m, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $3.7m (+42%), an average of +9.2% a year. The sharpest change came in the year to August 2021, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Niobrara Valley Hospital Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Marvin M Jorgensen Charitable TR ($3.7m), Partnership for Better Health ($3.7m) and St Joseph Regional Health Partners Aco ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $18k (0.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.2m against liabilities of $363k, net assets of $4.8m. It reported 38 employees.