Athol Memorial Hospital Incorporated

Analysis

Athol Memorial Hospital Incorporated is a registered charity in United States, based in Athol, MA. It received its IRS tax-exemption ruling in June 1951, 75 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, Athol Memorial Hospital Incorporated reported income of $41.4m and spending of $40.5m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $33.1m to $41.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Athol Memorial Hospital Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Corewell Health ($41.4m), Memorial Hospital Inc ($41.5m) and Maury Regional Medical Group Inc ($41.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $11.0m. At year end it held assets of $24.8m against liabilities of $9.6m, net assets of $15.2m. It reported 281 employees.