Sibley Memorial Hospital Foundation

Analysis

Sibley Memorial Hospital Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sibley Memorial Hospital Foundation reported income of $11.6m and spending of $9.0m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.8m to $11.6m (-53%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sibley Memorial Hospital Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 88th percentile within DC. Charities of a similar size with the same main cause include Pleasant View Home ($11.6m), Visiting Nurse and Health Services ($11.6m) and Florida Council Against Sexual Violence ($11.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $310k (3.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $133.0m against liabilities of $9.3m, net assets of $123.8m.