Santiam Memorial Hospital

Analysis

Santiam Memorial Hospital is a registered charity in United States, based in Stayton, OR. It received its IRS tax-exemption ruling in July 1956, 70 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, Santiam Memorial Hospital reported income of $228.7m and spending of $235.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $58.9m to $228.7m (+288%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Santiam Memorial Hospital 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 OR. Charities of a similar size with the same main cause include Ascension Health ($228.5m), Sacred Heart Hospital of the Hospit Al Sisters-3rd Order of St Francis ($228.8m) and Kennedy Krieger Childrens Hospital Inc ($227.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.4m (0.6% of expenses). Other salaries and wages came to $50.6m. At year end it held assets of $81.3m against liabilities of $40.4m, net assets of $40.9m. It reported 939 employees.