Huntington Memorial Hospital Inc

Analysis

Huntington Memorial Hospital Inc is a registered charity in United States, based in Huntington, IN. It received its IRS tax-exemption ruling in January 1997, 29 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, Huntington Memorial Hospital Inc reported income of $78.4m and spending of $70.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $74.7m to $78.4m (+4.9%), an average of +1.2% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Huntington Memorial Hospital Inc 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 IN. Charities of a similar size with the same main cause include Arkansas Elder Outreach of Little Rock Inc ($78.3m), Alexian Brothers Ambulatory Group ($78.4m) and Cardiovascular Research Foundation ($78.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $679k (1.0% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $97.5m against liabilities of $6.7m, net assets of $90.8m. It reported 368 employees.