Mercy Medical Center Inc

Analysis

Mercy Medical Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1949, 77 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, Mercy Medical Center Inc reported income of $599.5m and spending of $583.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $515.3m to $599.5m (+16%), an average of +3.9% 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, Mercy Medical Center Inc sits at the 99th percentile: it is larger than about 99% 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 Beebe Medical Center Inc ($597.7m), Penn State Health ($601.2m) and Centracare Health System ($596.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 95% of the total. Other salaries and wages came to $228.6m. At year end it held assets of $1.04bn against liabilities of $486.4m, net assets of $556.4m. It reported 4,228 employees.