Southwest Medical Center

Analysis

Southwest Medical Center is a registered charity in United States, based in Liberal, KS. It received its IRS tax-exemption ruling in April 1981, 45 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, Southwest Medical Center reported income of $66.9m and spending of $79.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $74.1m to $66.9m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. 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, Southwest Medical Center sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KS. Charities of a similar size with the same main cause include Indiana University Radiology Associates Inc Iu Medical ($66.9m), Centerstone of Florida Inc ($67.1m) and Community Health Center of Pinellas Inc ($66.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $514k (0.6% of expenses). Other salaries and wages came to $29.2m. At year end it held assets of $90.0m against liabilities of $51.8m, net assets of $38.3m. It reported 560 employees.