Rome Memorial Hospital Inc

Analysis

Rome Memorial Hospital Inc is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in June 1995, 31 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, Rome Memorial Hospital Inc reported income of $115.1m and spending of $118.9m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $85.5m to $115.1m (+35%), an average of +6.1% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rome Memorial Hospital Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Siskiyou Hospital Inc ($114.9m), Queen Emma Land Company ($115.1m) and Mount Nittany Medical Center Health Services Inc ($114.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $283k (0.2% of expenses). Other salaries and wages came to $452k. At year end it held assets of $82.1m against liabilities of $39.9m, net assets of $42.2m. It reported 1,416 employees.