Adventhealth Ransom Memorial Inc

Analysis

Adventhealth Ransom Memorial Inc is a registered charity in United States, based in Ottawa, KS. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, Adventhealth Ransom Memorial Inc reported income of $59.2m and spending of $56.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.1m to $59.2m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adventhealth Ransom Memorial Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KS. Charities of a similar size with the same main cause include Consortium for Graduate Study in Management ($59.2m), Young Mens Christian Association of Central Texas ($59.3m) and Andeco Institute ($59.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.2m (2.1% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $32.4m against liabilities of $16.6m, net assets of $15.8m. It reported 411 employees.