Speare Memorial Hospital

Analysis

Speare Memorial Hospital is a registered charity in United States, based in Plymouth, NH. It received its IRS tax-exemption ruling in August 1942, 84 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, Speare Memorial Hospital reported income of $78.8m and spending of $77.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $66.0m to $78.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 17%. 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, Speare Memorial Hospital sits at the 94th percentile: it is larger than about 94% 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 Boston Childrens Heart Foundation ($78.7m), Kings Daughters Medical Specialties Inc ($78.8m) and Northern Valley Indian Health Inc ($78.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.4m (1.8% of expenses). Other salaries and wages came to $31.9m. At year end it held assets of $91.2m against liabilities of $27.3m, net assets of $63.9m. It reported 538 employees.