ALLEN MEMORIAL HOSPITAL CORPORATION
1825 LOGAN AVE, WATERLOO, IA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $443,098,535 | $414,473,663 | $275,472,275 |
| FY2023 | $371,747,996 | $381,282,577 | $244,069,519 |
| FY2022 | $328,488,106 | $340,402,400 | $242,960,814 |
| FY2021 | $308,745,065 | $301,903,022 | $281,481,461 |
| FY2020 | $304,655,086 | $292,585,214 | $279,018,156 |
| FY2019 | $310,189,915 | $285,517,378 | $254,132,140 |
| FY2018 | $283,096,737 | $268,240,434 | $216,502,440 |
| FY2017 | $266,903,675 | $265,345,722 | $216,481,599 |
| FY2016 | $243,325,740 | $261,750,354 | $204,438,546 |
| FY2015 | $235,073,372 | $217,240,228 | $199,203,355 |
| FY2014 | $237,936,161 | $219,673,771 | $186,270,747 |
| FY2013 | $226,640,833 | $211,740,858 | $169,234,803 |
| FY2012 | $232,706,128 | $211,575,909 | $143,543,016 |
| FY2011 | $213,844,347 | $202,127,712 | $131,470,627 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $19,650,795 | 5% |
| Program service revenue | $412,423,938 | 95% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $396,854,304 | 96% |
| Management & general | $17,619,359 | 4% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 95% of total revenue in FY2024.
- Program services accounted for 96% of functional expenses, management & general 4%, and fundraising 0%.
- 96% of functional expenses went to program services in FY2024. That is higher than 94.1% of 68 Health Care organizations in IA.
- Net assets covered about 8 months of expenses at the end of the reporting year. That puts it in the 31st percentile among 268 Health Care organizations in IA.
- Total revenue was higher than 97.8% of 273 Health Care organizations in IA.
- Total revenue rose from $213,844,347 in FY2011 to $443,098,535 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2016, FY2022, FY2023).
- Net assets grew from $131,470,627 to $275,472,275 between FY2011 and FY2024.
- Donations are generally tax-deductible (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IMPROVE THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE THROUGH HEALING, CARING AND TEACHING.
IRS status
| Ruling year | 1941 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E220 — Health Care (in IA) |
| Donations | Donations are generally tax-deductible (public charity). |
Similar organizations
- IOWA HEALTH SYSTEM — WDM, IA · $442,361,665
- COVENANT MEDICAL CENTER INC — WATERLOO, IA · $436,425,740
- SOUTHEAST IOWA REGIONAL MEDICAL CENTER INC — W BURLINGTON, IA · $457,005,767
- ST LUKES METHODIST HOSPITAL — CEDAR RAPIDS, IA · $502,649,058
- MERCY MEDICAL CENTER — CEDAR RAPIDS, IA · $524,502,517
- CARE INITIATIVES — WDM, IA · $271,912,461
- IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION — WDM, IA · $615,062,040
- NORTHWEST IOWA HOSPITAL CORPORATION — SIOUX CITY, IA · $254,281,933
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.