San Juan Regional Medical Center Inc

Analysis

San Juan Regional Medical Center Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in June 1953, 73 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, San Juan Regional Medical Center Inc reported income of $364.0m and spending of $363.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $264.9m to $364.0m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, San Juan Regional Medical Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NM. Charities of a similar size with the same main cause include Southeast Iowa Regional Medical Center Inc ($361.7m), Elkhart General Hospital Inc ($365.6m) and Doylestown Hospital ($360.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $3.7m (1.0% of expenses). Other salaries and wages came to $142.2m. At year end it held assets of $504.6m against liabilities of $161.8m, net assets of $342.8m. It reported 2,061 employees.