Union Memorial Hospital

Analysis

Union Memorial Hospital is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1921, 105 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, Union Memorial Hospital reported income of $439.4m and spending of $444.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $440.2m to $439.4m (-0.2%), an average of +-0.0% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Union Memorial Hospital 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 Southeast Alaska Regional Health Consortium ($439.3m), Can Community Health Inc ($440.1m) and Integris Health Inc ($437.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $4.9m (1.1% of expenses). Other salaries and wages came to $156.0m. At year end it held assets of $245.4m against liabilities of $59.6m, net assets of $185.8m. It reported 2,134 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.