Mercy Medical Center

Analysis

Mercy Medical Center is a registered charity in United States, based in Rockville Ctr, NY. 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 December 2023, Mercy Medical Center reported income of $320.0m and spending of $349.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $257.4m to $320.0m (+24%), an average of +5.6% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mercy Medical Center 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 NY. Charities of a similar size with the same main cause include Howard County General Hospital Inc ($319.9m), Ascension Providence ($320.1m) and Exeter Hospital Inc ($319.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.1m (0.6% of expenses). Other salaries and wages came to $141.5m. At year end it held assets of $231.0m against liabilities of $259.5m, net assets of -$28.5m. It reported 2,256 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.