Glendive Medical Center Inc

Analysis

Glendive Medical Center Inc is a registered charity in United States, based in Glendive, MT. It received its IRS tax-exemption ruling in September 1965, 61 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, Glendive Medical Center Inc reported income of $53.7m and spending of $53.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $41.3m to $53.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Glendive Medical Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MT. Charities of a similar size with the same main cause include Russellville Hospital Inc ($53.7m), Rochelle Community Hospital Association ($53.8m) and Somc Medical Care Foundation Inc ($53.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.9m (3.6% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $43.0m against liabilities of $29.1m, net assets of $13.9m. It reported 550 employees.