Howard Memorial Hospital

Analysis

Howard Memorial Hospital is a registered charity in United States, based in Nashville, AR. It received its IRS tax-exemption ruling in August 1987, 39 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, Howard Memorial Hospital reported income of $29.9m and spending of $31.2m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $25.3m to $29.9m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Howard Memorial Hospital sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AR. Charities of a similar size with the same main cause include Gay Mens Health Crisis Inc ($29.9m), Adirondack Health Institute Inc ($29.9m) and Cummins Behavioral Health Systems Inc ($29.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $376k (1.2% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $32.7m against liabilities of $6.8m, net assets of $25.8m. It reported 294 employees.