Billings Clinic

Analysis

Billings Clinic is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in September 1925, 101 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, Billings Clinic reported income of $1.09bn and spending of $1.10bn, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $797.3m to $1.09bn (+37%), an average of +8.2% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Billings Clinic 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 100th percentile, and in the 100th percentile within MT. Charities of a similar size with the same main cause include Englewood Hospital and Medical Center a New Jersey Nonprofit Corp ($1.09bn), Henry Ford Health St John Hospital ($1.10bn) and Cape Cod Healthcare Inc ($1.09bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $2.1m (0.2% of expenses). Other salaries and wages came to $418.9m. At year end it held assets of $1.37bn against liabilities of $488.3m, net assets of $886.4m. It reported 5,912 employees.