West Holt Memorial Hospital

Analysis

West Holt Memorial Hospital is a registered charity in United States, based in Atkinson, NE. It received its IRS tax-exemption ruling in November 1973, 53 years ago. 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 June 2023, West Holt Memorial Hospital reported income of $16.9m and spending of $17.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.2m to $16.9m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Holt Memorial Hospital 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 97th percentile, and in the 96th percentile within NE. Charities of a similar size with the same main cause include Renown Health Foundation ($16.9m), Leadership Conference Education Fund Inc ($16.9m) and West Central Wisconsin Community Action Agency Inc ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $360k (2.1% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $18.9m against liabilities of $8.6m, net assets of $10.3m. It reported 139 employees.