St Margaret Memorial Hospital Foundation

Analysis

St Margaret Memorial Hospital Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Margaret Memorial Hospital Foundation reported income of $3.5m and spending of $1.7m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.5m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Margaret Memorial Hospital Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Cancer Care Services ($3.5m), Eastern Long Island Hospitalfoundation ($3.5m) and Tulip Tree Health Services of Gibson County Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $222k (13% of expenses). Other salaries and wages came to $81k. At year end it held assets of $31.6m against liabilities of $134k, net assets of $31.5m. It reported 3 employees.