Trigg County Hospital Inc

Analysis

Trigg County Hospital Inc is a registered charity in United States, based in Cadiz, KY. It received its IRS tax-exemption ruling in October 1954, 72 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 April 2023, Trigg County Hospital Inc reported income of $27.1m and spending of $24.0m, spending 89% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $18.6m to $27.1m (+46%), an average of +10% a year. The sharpest change came in the year to April 2021, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trigg County Hospital Inc 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 97th percentile within KY. Charities of a similar size with the same main cause include Lawrence County Memorial Hospital ($27.1m), Springfield Medical Care Systems Inc ($27.2m) and Alivio Medical Center Inc ($27.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 8.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $429k (1.8% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $28.7m against liabilities of $13.3m, net assets of $15.4m. It reported 247 employees.