Independent Healthcare Management Inc

Analysis

Independent Healthcare Management Inc is a registered charity in United States, based in Magee, MS. It received its IRS tax-exemption ruling in June 1992, 34 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, Independent Healthcare Management Inc reported income of $52.9m and spending of $49.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.8m to $52.9m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Independent Healthcare Management Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include St Lukes Community Hospital ($52.9m), Preston Memorial Hospital Corporation ($53.0m) and Rocky Boy Health Center ($52.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 70% of the total. Other salaries and wages came to $19.6m. At year end it held assets of $35.6m against liabilities of $20.6m, net assets of $15.0m. It reported 397 employees.