H B Magruder Memorial Hospital

Analysis

H B Magruder Memorial Hospital is a registered charity in United States, based in Port Clinton, OH. It received its IRS tax-exemption ruling in January 1941, 85 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, H B Magruder Memorial Hospital reported income of $65.0m and spending of $64.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55.4m to $65.0m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. 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, H B Magruder Memorial Hospital sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Eskenazi Medical Group Inc ($64.9m), Genesis Healthcare Inc ($65.0m) and Collier Health Services Inc ($64.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $628k (1.0% of expenses). Other salaries and wages came to $18.3m. At year end it held assets of $58.3m against liabilities of $14.0m, net assets of $44.3m. It reported 508 employees.