Labette County Medical Center

Analysis

Labette County Medical Center is a registered charity in United States, based in Parsons, KS. It received its IRS tax-exemption ruling in March 1979, 47 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, Labette County Medical Center reported income of $97.3m and spending of $99.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81.9m to $97.3m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 16%. 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, Labette County Medical Center 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 99th percentile, and in the 100th percentile within KS. Charities of a similar size with the same main cause include Methodist Hospital ($97.2m), Mt Graham Regional Medical Center Inc ($97.3m) and Lawrence Medical Associates PC ($96.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.4m (1.4% of expenses). Other salaries and wages came to $43.0m. At year end it held assets of $120.3m against liabilities of $71.1m, net assets of $49.2m. It reported 1,040 employees.