Sinai Hospital of Baltimore Inc

Analysis

Sinai Hospital of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1936, 90 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 June 2023, Sinai Hospital of Baltimore Inc reported income of $1.00bn and spending of $967.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $829.3m to $1.00bn (+21%), an average of +4.9% a year. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sinai Hospital of Baltimore Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MD. Charities of a similar size with the same main cause include Physician Affiliate Group of New York PC ($1.00bn), Morton Plant Hospital Association Inc ($1.00bn) and Community Hospital of the Monterey Peninsula ($1.00bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $1.8m (0.2% of expenses). Other salaries and wages came to $396.3m. At year end it held assets of $721.8m against liabilities of $409.0m, net assets of $312.8m. It reported 6,772 employees.