Northern Montana Hospital

Analysis

Northern Montana Hospital is a registered charity in United States, based in Havre, MT. It received its IRS tax-exemption ruling in November 1942, 84 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, Northern Montana Hospital reported income of $86.1m and spending of $79.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $73.6m to $86.1m (+17%), an average of +4.0% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Northern Montana Hospital sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within MT. Charities of a similar size with the same main cause include Texas Medical Center Central Heat and Cooling Services Corp ($86.1m), Atlanticare Health System Inc ($86.3m) and Tomah Memorial Hospital Inc ($86.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.0m (2.5% of expenses). Other salaries and wages came to $31.8m. At year end it held assets of $106.3m against liabilities of $12.5m, net assets of $93.7m. It reported 672 employees.