Sheridan Memorial Hospital Association

Analysis

Sheridan Memorial Hospital Association is a registered charity in United States, based in Plentywood, MT. It received its IRS tax-exemption ruling in August 1956, 70 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, Sheridan Memorial Hospital Association reported income of $20.1m and spending of $19.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $20.1m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 25%. 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, Sheridan Memorial Hospital Association sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MT. Charities of a similar size with the same main cause include Lines for Life ($20.1m), Aca-Cleveland Area Hospital ($20.1m) and Charlotte Rescue Mission ($20.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $11.8m against liabilities of $3.9m, net assets of $8.0m. It reported 181 employees.