Grady Memorial Hospital Corporation

Analysis

Grady Memorial Hospital Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2008, 18 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, Grady Memorial Hospital Corporation reported income of $2.36bn and spending of $2.19bn, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.03bn to $2.36bn (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Grady Memorial Hospital Corporation sits at the 100th 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 GA. Charities of a similar size with the same main cause include VNS Choice ($2.34bn), Florida Health Sciences Center Inc ($2.36bn) and Seattle Childrens Hospital ($2.33bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $10.7m (0.5% of expenses). Other salaries and wages came to $699.9m. At year end it held assets of $2.01bn against liabilities of $579.1m, net assets of $1.43bn. It reported 9,869 employees.