Caribou Medical Center Inc

Analysis

Caribou Medical Center Inc is a registered charity in United States, based in Soda Springs, ID. It received its IRS tax-exemption ruling in September 2021, 5 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 December 2023, Caribou Medical Center Inc reported income of $26.5m and spending of $26.8m, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $28.5m to $26.5m (-6.8%), an average of -3.5% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caribou 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 98th percentile, and in the 98th percentile within ID. Charities of a similar size with the same main cause include New Concepts for Living Inc ($26.5m), Folium Inc ($26.6m) and Mission Economic Development Agency ($26.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $455k (1.7% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $21.4m against liabilities of $2.5m, net assets of $18.9m. It reported 227 employees.