Takoma Regional Hospital Inc

Analysis

Takoma Regional Hospital Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Takoma Regional Hospital Inc reported income of $107.3m and spending of $104.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.2m to $107.3m (+84%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Takoma Regional Hospital Inc 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 TN. Charities of a similar size with the same main cause include Nordx ($107.3m), Charlestown Community Inc ($107.3m) and Mercy Life Center Corporation ($107.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $630k (0.6% of expenses). Other salaries and wages came to $43.2m. At year end it held assets of $58.9m against liabilities of $16.8m, net assets of $42.1m.