Cleveland Clinic Mercy Hospital

Analysis

Cleveland Clinic Mercy Hospital is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in October 1928, 98 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 2020, Cleveland Clinic Mercy Hospital reported income of $331.1m and spending of $329.9m, spending 100% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $346.8m to $331.1m (-4.5%), an average of -4.5% 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, Cleveland Clinic Mercy 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 Marshall Medical Center ($331.0m), Gulf Health Hospitals Inc ($332.7m) and Wellstar North Fulton Hospital Inc ($330.4m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 5.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.6m (0.8% of expenses). Other salaries and wages came to $113.6m. At year end it held assets of $189.9m against liabilities of $137.6m, net assets of $52.2m. It reported 3,044 employees.