Meritus Healthcare Foundation Inc

Analysis

Meritus Healthcare Foundation Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Meritus Healthcare Foundation Inc reported income of $10.0m and spending of $3.8m, leaving 62% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $773k to $10.0m (+1196%), an average of +90% a year. The sharpest change came in the year to June 2023, when income rose by 400%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Meritus Healthcare Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Health Facilities Inc ($10.0m), Triad Health Systems Inc ($10.0m) and Counseling in Schools Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $11.7m against liabilities of $6,736, net assets of $11.6m.