McKenzie County Healthcare Systems Inc

Analysis

McKenzie County Healthcare Systems Inc is a registered charity in United States, based in Watford City, ND. It received its IRS tax-exemption ruling in September 2021, 5 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, McKenzie County Healthcare Systems Inc reported income of $54.9m and spending of $50.6m, spending 92% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $27.6m to $54.9m (+99%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McKenzie County Healthcare Systems Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ND. Charities of a similar size with the same main cause include Board of Governors of the Banff Centre ($54.8m), Volunteers of America Inc ($54.9m) and The Immigrant and Refugee Community Organization ($54.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $975k (1.9% of expenses). Other salaries and wages came to $16.8m. At year end it held assets of $105.7m against liabilities of $70.9m, net assets of $34.8m. It reported 323 employees.