Hidalgo Medical Services

Analysis

Hidalgo Medical Services is a registered charity in United States, based in Lordsburg, NM. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Hidalgo Medical Services reported income of $27.1m and spending of $23.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.5m to $27.1m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hidalgo Medical Services 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 98th percentile, and in the 99th percentile within NM. Charities of a similar size with the same main cause include United Neighborhood Health Services Inc ($27.1m), Lebanon Valley Brethren Home ($27.2m) and El Valor Corporation ($27.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $727k (3.1% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $29.4m against liabilities of $3.2m, net assets of $26.2m. It reported 305 employees.