Mercy Hospital

Analysis

Mercy Hospital is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in May 1947, 79 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 September 2023, Mercy Hospital reported income of $288.6m and spending of $279.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $236.3m to $288.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy 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 ME. Charities of a similar size with the same main cause include SB Clinical Practice Management Plan Inc ($288.3m), East Tennessee Childrens Hospital Association Inc ($289.2m) and The Good Samaritan Hospital of Maryland Inc ($288.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.9m (1.0% of expenses). Other salaries and wages came to $123.5m. At year end it held assets of $237.7m against liabilities of $183.4m, net assets of $54.3m. It reported 1,805 employees.