Tidalhealth Peninsula Regional Inc

Analysis

Tidalhealth Peninsula Regional Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in December 1942, 84 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, Tidalhealth Peninsula Regional Inc reported income of $527.7m and spending of $501.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $505.4m to $527.7m (+4.4%), an average of +1.1% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tidalhealth Peninsula Regional Inc sits at the 99th 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 Commonspirit Mountain Region ($527.6m), Tower Health ($531.6m) and Community Medical Center ($527.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $5.1m (1.0% of expenses). Other salaries and wages came to $177.2m. At year end it held assets of $711.1m against liabilities of $154.5m, net assets of $556.5m.