Falls Community Hospital and Clinic

Analysis

Falls Community Hospital and Clinic is a registered charity in United States, based in Marlin, TX. It received its IRS tax-exemption ruling in September 1964, 62 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 August 2023, Falls Community Hospital and Clinic reported income of $14.6m and spending of $15.6m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $12.2m to $14.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to August 2021, when income rose by 114%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Falls Community Hospital and Clinic 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 TX. Charities of a similar size with the same main cause include United Ability Inc ($14.6m), Hendrick Anethesia Network ($14.6m) and Research to Prevent Blindness Endowment Fund Inc ($14.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $162k (1.0% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $14.1m against liabilities of $2.8m, net assets of $11.4m. It reported 154 employees.