Tri-State Memorial Hospital

Analysis

Tri-State Memorial Hospital is a registered charity in United States, based in Clarkston, WA. It received its IRS tax-exemption ruling in April 1952, 74 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 December 2023, Tri-State Memorial Hospital reported income of $131.5m and spending of $129.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95.1m to $131.5m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tri-State Memorial Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Munson Healthcare Cadillac ($131.4m), Prohealth Oconomowoc Memorial Hospital Inc ($131.6m) and St Marys Hospital ($131.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.4m (1.1% of expenses). Other salaries and wages came to $46.7m. At year end it held assets of $141.9m against liabilities of $60.5m, net assets of $81.4m. It reported 806 employees.