James B Haggin Memorial Hospital Inc

Analysis

James B Haggin Memorial Hospital Inc is a registered charity in United States, based in Harrodsburg, KY. It received its IRS tax-exemption ruling in December 1941, 85 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, James B Haggin Memorial Hospital Inc reported income of $37.8m and spending of $33.5m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.1m to $37.8m (+57%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, James B Haggin Memorial Hospital 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 98th percentile within KY. Charities of a similar size with the same main cause include Center for Family Health ($37.8m), Concord Hospital- Franklin ($37.9m) and United Cerebral Palsy of Queens ($37.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $280k (0.8% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $15.4m against liabilities of $11.2m, net assets of $4.2m. It reported 154 employees.