Mary Lanning Hospital Trust

Analysis

Mary Lanning Hospital Trust is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in August 1935, 91 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Lanning Hospital Trust reported income of $9.0m and spending of $7.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $9.0m (+369%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Lanning Hospital Trust 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 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($9.0m), Mathematical Association of America Incorporated ($9.0m) and Hispanic Counseling Center Inc ($9.0m).

Compensation of current officers, directors and key employees was $153k (2.1% of expenses). Other salaries and wages came to $149k. At year end it held assets of $18.4m against liabilities of $0, net assets of $18.4m. It reported 3 employees.