Benefis Hospitals Inc

Analysis

Benefis Hospitals Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Benefis Hospitals Inc reported income of $570.1m and spending of $556.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.15bn to $570.1m (-50%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. 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, Benefis Hospitals Inc sits at the 99th percentile: it is larger than about 99% of them. 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 St Josephs Hospital Health Center ($569.8m), Henry M Jackson Foundation for the Advancement of Military Medicine ($570.4m) and St Vincent Hospital ($569.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $834k (0.1% of expenses). Other salaries and wages came to $146.9m. At year end it held assets of $1.37bn against liabilities of $1.05bn, net assets of $322.2m. It reported 3,030 employees.