Yoakum Community Hospital

Analysis

Yoakum Community Hospital is a registered charity in United States, based in Yoakum, TX. It received its IRS tax-exemption ruling in May 1995, 31 years ago. 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 June 2023, Yoakum Community Hospital reported income of $26.7m and spending of $27.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $26.7m (+14%), an average of +3.3% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yoakum Community Hospital sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Western Montana Mental Health Center ($26.6m), Wilbraham & Monson Academy ($26.7m) and Saint Josephs Mercy Care Services Inc ($26.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.3% and program service revenue 89% of the total. Other salaries and wages came to $12.4m. At year end it held assets of $22.4m against liabilities of $7.3m, net assets of $15.1m. It reported 270 employees.