McPherson Hospital Inc

Analysis

McPherson Hospital Inc is a registered charity in United States, based in McPherson, KS. It received its IRS tax-exemption ruling in January 1975, 51 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 June 2023, McPherson Hospital Inc reported income of $42.7m and spending of $45.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.1m to $42.7m (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 36%. 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, McPherson Hospital Inc 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 99th percentile within KS. Charities of a similar size with the same main cause include Butler County Community Health Consortium ($42.6m), Beth Israel Lahey Health Specialty Care Inc ($42.7m) and Mainline Health Systems Inc ($42.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $1.2m (2.7% of expenses). Other salaries and wages came to $19.2m. At year end it held assets of $25.5m against liabilities of $11.7m, net assets of $13.8m. It reported 492 employees.