Mount Carmel Health System

Analysis

Mount Carmel Health System is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Mount Carmel Health System reported income of $1.38bn and spending of $1.41bn, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.35bn to $1.38bn (+2.1%), an average of +0.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Carmel Health System 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 OH. Charities of a similar size with the same main cause include MHM Support Services ($1.38bn), Memorial Health System ($1.51bn) and University of Waterloo ($1.35bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $5.8m (0.4% of expenses). Other salaries and wages came to $442.9m. At year end it held assets of $2.94bn against liabilities of $1.50bn, net assets of $1.44bn. It reported 9,375 employees.