Harford Memorial Hospital Inc

Analysis

Harford Memorial Hospital Inc is a registered charity in United States, based in Linthicum Heights, MD. It received its IRS tax-exemption ruling in November 1938, 88 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, Harford Memorial Hospital Inc reported income of $107.5m and spending of $104.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $100.1m to $107.5m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 18%. 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, Harford Memorial Hospital Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Davis Memorial Hospital ($107.5m), Susan G Komen Breast Cancer Foundation ($107.6m) and Charlestown Community Inc ($107.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $45.3m. At year end it held assets of $188.1m against liabilities of $18.7m, net assets of $169.4m. It reported 860 employees.