Madison County Hospital Health Systems Inc

Analysis

Madison County Hospital Health Systems Inc is a registered charity in United States, based in Madison, FL. It received its IRS tax-exemption ruling in December 1983, 43 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 September 2023, Madison County Hospital Health Systems Inc reported income of $13.7m and spending of $15.1m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.3m to $13.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Madison County Hospital Health Systems Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Eastern Maine Healthcare Systems ($13.7m), Integritus Healthcare Management Services Inc ($13.7m) and Prisma Community Care ($13.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $492k (3.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $20.5m against liabilities of $22.5m, net assets of -$2.0m. It reported 209 employees.