Maryland General Hospital

Analysis

Maryland General Hospital is a registered charity in United States, based in Linthicum Heights, MD. It received its IRS tax-exemption ruling in September 1948, 78 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, Maryland General Hospital reported income of $269.1m and spending of $274.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $232.1m to $269.1m (+16%), an average of +3.8% a year. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maryland General Hospital sits at the 97th percentile: it is larger than about 97% 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 Lurie Childrens Medical Group Inc ($269.0m), McLaren Oakland ($270.0m) and Colorado West Healthcare System ($268.8m).

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. Compensation of current officers, directors and key employees was $1.6m (0.6% of expenses). Other salaries and wages came to $88.6m. At year end it held assets of $222.6m against liabilities of $65.5m, net assets of $157.1m. It reported 1,770 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.