Springhill Medical Services Inc

Analysis

Springhill Medical Services Inc is a registered charity in United States, based in Springhill, LA. It received its IRS tax-exemption ruling in January 2002, 24 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, Springhill Medical Services Inc reported income of $29.5m and spending of $26.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.5m to $29.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Springhill Medical Services Inc 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 LA. Charities of a similar size with the same main cause include Lima Memorial Professional Corporation ($29.5m), Pleasant Ridge Manor ($29.5m) and Places for People Incorporated ($29.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $377k (1.4% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $23.5m against liabilities of $2.2m, net assets of $21.3m. It reported 282 employees.