Memorial Hospital

Analysis

Memorial Hospital is a registered charity in United States, based in North Conway, NH. It received its IRS tax-exemption ruling in January 1943, 83 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, Memorial Hospital reported income of $113.5m and spending of $105.3m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $74.9m to $113.5m (+52%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NH. Charities of a similar size with the same main cause include South Peninsula Hospital Inc ($113.5m), Door County Memorial Hospital ($113.6m) and Salem Community Hospital ($113.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.9m (1.8% of expenses). Other salaries and wages came to $36.1m. At year end it held assets of $127.1m against liabilities of $50.4m, net assets of $76.7m. It reported 551 employees.