Gainesville Community Hospital Inc

Analysis

Gainesville Community Hospital Inc is a registered charity in United States, based in Gainesville, TX. It received its IRS tax-exemption ruling in July 2019, 7 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, Gainesville Community Hospital Inc reported income of $43.7m and spending of $44.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.5m to $43.7m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2020, when income rose by 29%. 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, Gainesville Community Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Banyan Community Health Center Inc ($43.7m), Centracare Health System Sauk Centre ($43.8m) and Saint Elizabeths Hospital of Wabasha Inc ($43.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 97% of the total. Other salaries and wages came to $18.8m. At year end it held assets of $15.9m against liabilities of $10.4m, net assets of $5.5m. It reported 418 employees.