Magnolia Regional Health System Inc

Analysis

Magnolia Regional Health System Inc is a registered charity in United States, based in Magnolia, AR. It received its IRS tax-exemption ruling in May 2020, 6 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 September 2023, Magnolia Regional Health System Inc reported income of $25.9m and spending of $31.4m, spending 121% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $38.3m to $25.9m (-32%), an average of -18% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. 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, Magnolia Regional Health System Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AR. Charities of a similar size with the same main cause include Upper Great Lakes Family Health Center ($25.9m), Coney Island Medical Practice Plan PC ($25.9m) and St Catherines Village Inc ($25.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $570k (1.8% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $39.5m against liabilities of $6.4m, net assets of $33.1m. It reported 294 employees.