Henry Heywood Memorial Hospital

Analysis

Henry Heywood Memorial Hospital is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in January 1936, 90 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, Henry Heywood Memorial Hospital reported income of $186.6m and spending of $198.5m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $150.5m to $186.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Henry Heywood Memorial 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 99th percentile within MA. Charities of a similar size with the same main cause include Lakeview Memorial Hospital Association Inc ($186.5m), Covenant Medical Group ($187.1m) and Access Community Health Network ($186.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.6m (0.8% of expenses). Other salaries and wages came to $66.3m. At year end it held assets of $100.2m against liabilities of $111.2m, net assets of -$10.9m. It reported 1,331 employees.