Leo N Levi Memorial Hospital Association

Analysis

Leo N Levi Memorial Hospital Association is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in January 1937, 89 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, Leo N Levi Memorial Hospital Association reported income of $9.2m and spending of $8.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $9.2m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Leo N Levi Memorial Hospital Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AR. Charities of a similar size with the same main cause include Virgnia B Andes Volunteer Community Clinic Inc ($9.2m), Granite Wellness Centers ($9.2m) and Transitional Services of New York for Long Island Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $135k (1.6% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $14.6m against liabilities of $1.5m, net assets of $13.2m. It reported 205 employees.