Meriter Hospital Inc

Analysis

Meriter Hospital Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1937, 89 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, Meriter Hospital Inc reported income of $625.7m and spending of $577.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485.6m to $625.7m (+29%), an average of +6.5% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Meriter Hospital Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Mercy Hospital South ($625.2m), Global Health Solutions Inc ($628.8m) and Blessing Hospital ($625.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $14k (0.0% of expenses). Other salaries and wages came to $228.5m. At year end it held assets of $991.6m against liabilities of $225.4m, net assets of $766.2m. It reported 3,728 employees.