Frederick Health Hospital Inc

Analysis

Frederick Health Hospital Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 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, Frederick Health Hospital Inc reported income of $408.2m and spending of $412.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $370.3m to $408.2m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Frederick Health Hospital Inc sits at the 98th percentile: it is larger than about 98% of them. 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 Compass Health Inc ($408.0m), Sentara Princess Anne Hospital ($409.1m) and Henry Ford Wyandotte Hospital Corporation ($407.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $6.6m (1.6% of expenses). Other salaries and wages came to $170.6m. It paid $36k in professional fundraising fees. At year end it held assets of $646.3m against liabilities of $361.3m, net assets of $285.0m. It reported 3,490 employees.