Mary Hitchcock Memorial Hospital

Analysis

Mary Hitchcock Memorial Hospital is a registered charity in United States, based in Lebanon, NH. It received its IRS tax-exemption ruling in August 1934, 92 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 June 2023, Mary Hitchcock Memorial Hospital reported income of $1.98bn and spending of $1.92bn, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.39bn to $1.98bn (+42%), an average of +9.3% a year. 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, Mary Hitchcock Memorial Hospital sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NH. Charities of a similar size with the same main cause include Presbyterian Hospital ($1.96bn), Rhode Island Hospital ($1.98bn) and Lenox Hill Hospital ($1.95bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $13.8m (0.7% of expenses). Other salaries and wages came to $742.4m. At year end it held assets of $2.23bn against liabilities of $1.23bn, net assets of $999.5m. It reported 6,771 employees.