Russell County Kentucky Hospital District Health Facility Corp Inc

Analysis

Russell County Kentucky Hospital District Health Facility Corp Inc is a registered charity in United States, based in Russell SPGS, KY. It received its IRS tax-exemption ruling in March 1981, 45 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 June 2023, Russell County Kentucky Hospital District Health Facility Corp Inc reported income of $40.1m and spending of $34.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.2m to $40.1m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 36%. 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, Russell County Kentucky Hospital District Health Facility Corp 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 Childrens Hospital and Healthcare Services Foundation ($40.0m), Marlette Regional Hospital ($40.1m) and AIDS Service Center of Lower Manhattan Inc ($40.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $496k (1.4% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $33.0m against liabilities of $4.9m, net assets of $28.1m. It reported 346 employees.