Citizens Medical Center Inc Employee Benefit TR

Analysis

Citizens Medical Center Inc Employee Benefit TR is a registered charity in United States, based in Colby, KS. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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, Citizens Medical Center Inc Employee Benefit TR reported income of $65.8m and spending of $64.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.3m to $65.8m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Citizens Medical Center Inc Employee Benefit TR sits at the 99th percentile: it is one of the largest 1% in its cause. 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 Texas Lutheran University ($65.6m), Gandara Mental Health Center Inc ($66.0m) and Clinical & Support Options Inc ($65.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $750k (1.2% of expenses). Other salaries and wages came to $26.7m. At year end it held assets of $42.5m against liabilities of $16.6m, net assets of $25.9m. It reported 547 employees.