Marietta Memorial Hospital

Analysis

Marietta Memorial Hospital is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in July 1947, 79 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 September 2023, Marietta Memorial Hospital reported income of $496.6m and spending of $481.4m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $479.6m to $496.6m (+3.5%), an average of +0.9% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marietta Memorial Hospital sits at the 98th percentile: it is larger than about 98% of them. 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 University Health Services Inc ($495.7m), Upmc ($496.7m) and Iowa Health System ($495.1m).

On its Form 990 for the period ending September 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 $2.0m (0.4% of expenses). Other salaries and wages came to $122.4m. At year end it held assets of $728.0m against liabilities of $572.3m, net assets of $155.7m. It reported 3,228 employees.