Benson Area Medical Center Inc

Analysis

Benson Area Medical Center Inc is a registered charity in United States, based in Benson, NC. It received its IRS tax-exemption ruling in January 1978, 48 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 June 2023, Benson Area Medical Center Inc reported income of $3.1m and spending of $3.6m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $3.1m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Benson Area Medical Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Youth Automotive Training Center of Broward Inc ($3.1m), Brighton Allston Elderly Homes Inc ($3.1m) and Central Oregon Community College Foundation ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $352k (9.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.2m against liabilities of $1.9m, net assets of $289k. It reported 61 employees.