Logan Health Cut Bank

Analysis

Logan Health Cut Bank is a registered charity in United States, based in Kalispell, MT. It received its IRS tax-exemption ruling in November 2000, 26 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 March 2023, Logan Health Cut Bank reported income of $12.8m and spending of $11.8m, spending 92% of its income. Across the 5 years on record, from September 2019 to March 2023, income grew from $9.3m to $12.8m (+37%), an average of +8.3% a year. The sharpest change came in the year to March 2023, when income rose by 125%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Logan Health Cut Bank sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within MT. Charities of a similar size with the same main cause include Intermountain Health Care Inc ($12.8m), Penndel Mental Health Center Inc ($12.8m) and Yale-New Haven Care Continuum Corporation ($12.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $843k (7.1% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $10.4m against liabilities of $1.3m, net assets of $9.1m. It reported 127 employees.