Phillips Memorial Hospital

Analysis

Phillips Memorial Hospital is a registered charity in United States, based in Lambertville, NJ. It received its IRS tax-exemption ruling in July 1944, 82 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, Phillips Memorial Hospital reported income of $106k and spending of $69k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $119k to $106k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Phillips Memorial Hospital sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Michigan Prison Doula Initiative ($106k), Impact Foundation of Tallahassee ($106k) and The Tank Center for Sonic Arts Inc ($106k).

At year end it held assets of $1.4m against liabilities of $12k, net assets of $1.4m.