Memorial Hospital of South Bend Inc

Memorial Hospital of South Bend Inc

South Bend, IN, US
501(c)3
EIN
35-0868132
Hospital
Regional Funder

Memorial Hospital of South Bend Inc

South Bend, IN, US
501(c)3
EIN
35-0868132
Hospital
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$746,797,754

Program Services
96%
Other
3%
Government Grants
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$645,908,406

Other
46%
Salaries & Benefits
38%
Fees to Service Providers
10%
Depreciation
4%
Interest
1%
Offices, Occupancy & IT
1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$4,828,699
$5,987,137
+24%
Fundraising Events
$0
$0
-
Program Services
$702,912,880
$713,570,432
+2%
Membership Dues
$0
$0
-
Investments
$872,460
$3,601,377
+313%
Other
$21,928,209
$23,638,808
+8%
Total Revenues
$730,542,248
$746,797,754
+2%
Expenses
2023
2024
Change
Grants
$391,700
$551,678
+41%
Benefits to Members
$0
$0
-
Salaries & Benefits
$245,500,017
$243,670,377
-1%
Fees to Service Providers
$39,411,025
$62,979,862
+60%
Advertising & Promotion
$375,045
$20,703
-94%
Offices, Occupancy & IT
$8,153,932
$8,696,327
+7%
Interest
$5,610,357
$9,121,165
+63%
Depreciation
$29,271,462
$26,147,289
-11%
Other
$263,082,541
$294,721,005
+12%
Total Expenses
$591,796,079
$645,908,406
+9%
Net income
2023
2024
Change
Net income
+$138,746,169
+$100,889,348
-27%
Functional Expenses
Summary
2023
2024
Change
Program
$541,566,389
$581,394,839
+7%
Admin
$50,229,690
$64,513,567
+28%
Fundraising
$0
$0
-
Total Expenses
$591,796,079
$645,908,406
+9%
Income Statement
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