Russell Hospital Corporation

Analysis

Russell Hospital Corporation is a registered charity in United States, based in Alex City, AL. It received its IRS tax-exemption ruling in April 1960, 66 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 December 2023, Russell Hospital Corporation reported income of $84.8m and spending of $85.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72.5m to $84.8m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Russell Hospital Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Baystate Noble Hospital Corporation ($84.8m), Medcura Health Inc ($84.8m) and Elica Health Centers ($84.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.2m (1.4% of expenses). Other salaries and wages came to $30.0m. At year end it held assets of $89.4m against liabilities of $51.1m, net assets of $38.3m. It reported 758 employees.