Margaretville Memorial Hospital

Analysis

Margaretville Memorial Hospital is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in December 1944, 82 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, Margaretville Memorial Hospital reported income of $16.5m and spending of $18.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.9m to $16.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Margaretville Memorial Hospital sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include United Community Services Inc ($16.5m), Disc Village Inc ($16.5m) and Lindsborg Community Hospital Association ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 82% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $6.6m against liabilities of $9.7m, net assets of -$3.1m. It reported 128 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.