Cambridge Memorial Hospital Inc

Analysis

Cambridge Memorial Hospital Inc is a registered charity in United States, based in Cambridge, NE. It received its IRS tax-exemption ruling in January 1960, 66 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 April 2023, Cambridge Memorial Hospital Inc reported income of $25.4m and spending of $26.3m, spending 103% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $22.8m to $25.4m (+11%), an average of +2.8% a year. The sharpest change came in the year to April 2021, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cambridge Memorial Hospital Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include Community Hospital Association ($25.4m), Ryan-Chelsea Clinton Community Health Center ($25.4m) and New York Spine and Brain Surgery University Faculty Practice Corp ($25.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 4.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $389k (1.5% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $27.7m against liabilities of $14.6m, net assets of $13.0m. It reported 220 employees.