Mary Washington Healthcare

Analysis

Mary Washington Healthcare is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Washington Healthcare reported income of $937.2m and spending of $919.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $734.2m to $937.2m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 17%. 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, Mary Washington Healthcare sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include New York-Presbyterian Brooklyn Methodist ($932.6m), Childrens Hospital of Wisconsin Inc ($938.0m) and St Jude Hospital ($932.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.6m (0.3% of expenses). Other salaries and wages came to $286.9m. At year end it held assets of $518.7m against liabilities of $249.4m, net assets of $269.3m. It reported 4,947 employees.