The Mercy Hospital Inc

Analysis

The Mercy Hospital Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1946, 80 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, The Mercy Hospital Inc reported income of $325.8m and spending of $313.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $352.2m to $325.8m (-7.5%), an average of -1.9% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Mercy Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include Baptist Health System Inc ($325.5m), Ingalls Memorial Hospital ($326.1m) and Hoag Clinic Inc ($325.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $598k (0.2% of expenses). Other salaries and wages came to $82.2m. At year end it held assets of $251.0m against liabilities of $181.8m, net assets of $69.2m. It reported 1,909 employees.