Russellville Hospital Inc

Analysis

Russellville Hospital Inc is a registered charity in United States, based in Russellville, AL. It received its IRS tax-exemption ruling in April 2015, 11 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, Russellville Hospital Inc reported income of $53.7m and spending of $55.1m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $31.0m to $53.7m (+73%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Russellville Hospital Inc 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 99th percentile within AL. Charities of a similar size with the same main cause include Somc Medical Care Foundation Inc ($53.7m), Glendive Medical Center Inc ($53.7m) and Clinica de Salud Del Valle de Salinas ($53.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $580k (1.1% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $19.3m against liabilities of $24.3m, net assets of -$5.0m. It reported 346 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.