Lawrence County Memorial Hospital

Analysis

Lawrence County Memorial Hospital is a registered charity in United States, based in Lawrenceville, IL. It received its IRS tax-exemption ruling in December 2013, 13 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 June 2023, Lawrence County Memorial Hospital reported income of $27.1m and spending of $26.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.1m to $27.1m (+50%), an average of +11% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lawrence County Memorial Hospital sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Alivio Medical Center Inc ($27.1m), Trigg County Hospital Inc ($27.1m) and St Johns Rehabilitation Hospital and Nursing Center Inc ($27.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $509k (2.0% of expenses). Other salaries and wages came to $10.1m. At year end it held assets of $21.9m against liabilities of $5.7m, net assets of $16.2m. It reported 234 employees.