Newman Memorial Hospital Inc

Analysis

Newman Memorial Hospital Inc is a registered charity in United States, based in Shattuck, OK. It received its IRS tax-exemption ruling in August 1950, 76 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, Newman Memorial Hospital Inc reported income of $13.2m and spending of $13.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $13.2m (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newman Memorial Hospital Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include Family and Medical Counseling Service Inc ($13.2m), Metro Health Foundation of Massachusetts Inc ($13.2m) and Bronxcare Health Integrated Services System Inc ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $785k (5.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $4.0m against liabilities of $2.9m, net assets of $1.1m. It reported 136 employees.