Townsend Health Systems Inc Broadwater Community Hospital

Analysis

Townsend Health Systems Inc Broadwater Community Hospital is a registered charity in United States, based in Townsend, MT. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Townsend Health Systems Inc Broadwater Community Hospital reported income of $9.8m and spending of $10.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $9.8m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Townsend Health Systems Inc Broadwater Community 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 95th percentile, and in the 96th percentile within MT. Charities of a similar size with the same main cause include Mississippi Higher Education Assistance Corporation ($9.8m), New Jersey Eastern Star Home for the Aged Inc ($9.8m) and March Inc of Manchester C/O Robert F Gorman ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $450k (4.3% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $11.8m against liabilities of $4.3m, net assets of $7.6m. It reported 92 employees.