Sturdy Memorial Hospital

Analysis

Sturdy Memorial Hospital is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in November 1982, 44 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, Sturdy Memorial Hospital reported income of $290.2m and spending of $285.7m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $232.7m to $290.2m (+25%), an average of +5.7% a year. 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, Sturdy 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 100th percentile within MA. Charities of a similar size with the same main cause include Legacy Meridian Park Hospital ($290.0m), Summit Healthcare Association ($290.9m) and Beavercreek Medical Center ($290.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $3.0m (1.0% of expenses). Other salaries and wages came to $107.7m. At year end it held assets of $544.2m against liabilities of $48.4m, net assets of $495.8m. It reported 1,978 employees.