Little River Medical Center Inc

Analysis

Little River Medical Center Inc is a registered charity in United States, based in Little River, SC. It received its IRS tax-exemption ruling in October 1980, 46 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 May 2023, Little River Medical Center Inc reported income of $42.5m and spending of $41.7m, spending 98% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $33.7m to $42.5m (+26%), an average of +8.0% a year. The sharpest change came in the year to May 2021, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Little River Medical Center 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 SC. Charities of a similar size with the same main cause include Jane Todd Crawford Memorialhospital Inc ($42.4m), St Marys Community Hospital ($42.5m) and Evergreen Treatment Services ($42.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $1.4m (3.4% of expenses). Other salaries and wages came to $18.0m. At year end it held assets of $33.9m against liabilities of $10.1m, net assets of $23.8m. It reported 455 employees.