Crete Area Medical Center

Analysis

Crete Area Medical Center is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in August 2001, 25 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, Crete Area Medical Center reported income of $35.9m and spending of $31.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.5m to $35.9m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 18%. 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, Crete Area Medical Center 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 Uofl Health-Shelbyville Inc ($35.9m), Friend Family Health Center Inc ($36.0m) and Klamath Child and Family Treatment Center ($35.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.0m (3.3% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $54.7m against liabilities of $5.3m, net assets of $49.5m. It reported 211 employees.