Otero County Hospital Association

Analysis

Otero County Hospital Association is a registered charity in United States, based in Alamogordo, NM. It received its IRS tax-exemption ruling in April 1962, 64 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, Otero County Hospital Association reported income of $250.8m and spending of $279.6m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $184.0m to $250.8m (+36%), an average of +8.0% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Otero County Hospital Association sits at the 97th percentile: it is larger than about 97% 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 Florida Healthy Kids Corporation ($250.8m), Morris Hospital ($251.1m) and Carle Bromenn Medical Center ($250.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $6.6m (2.4% of expenses). Other salaries and wages came to $74.4m. At year end it held assets of $310.3m against liabilities of $68.2m, net assets of $242.2m. It reported 1,354 employees.