Holmes County Hospital Corp

Analysis

Holmes County Hospital Corp is a registered charity in United States, based in Bonifay, FL. It received its IRS tax-exemption ruling in December 2004, 22 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).

In the financial year ending September 2023, Holmes County Hospital Corp reported income of $25.3m and spending of $27.1m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $14.3m to $25.3m (+77%), an average of +15% a year. The sharpest change came in the year to September 2020, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Holmes County Hospital Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Neighborhood Health Care Incorporated ($25.3m), Counseling & Recovery Services of Oklahoma Inc ($25.4m) and Community Hospitals and Wellness Centers ($25.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $292k (1.1% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $12.3m against liabilities of $20.6m, net assets of -$8.3m. It reported 260 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.