Greene Memorial Hospital Inc

Analysis

Greene Memorial Hospital Inc is a registered charity in United States, based in Miamisburg, OH. It received its IRS tax-exemption ruling in January 1972, 54 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, Greene Memorial Hospital Inc reported income of $39.0m and spending of $43.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $56.1m to $39.0m (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greene Memorial Hospital Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Lighthouse Behavioral Wellness Centers Inc ($39.0m), CHMC Otolaryngologic Foundation Inc ($39.1m) and Providence St Joseph Health ($39.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $653k (1.5% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $25.5m against liabilities of $4.3m, net assets of $21.2m.