Meritus Medical Center Inc

Analysis

Meritus Medical Center Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in February 1937, 89 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, Meritus Medical Center Inc reported income of $563.4m and spending of $523.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $404.9m to $563.4m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. 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, Meritus 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 Piedmont Henry Hospital Inc ($563.0m), Umass Memorial Health Care Inc ($563.7m) and St Lukes Magic Valley Regional Medical Center Ltd ($563.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.8m (0.5% of expenses). Other salaries and wages came to $236.2m. At year end it held assets of $836.1m against liabilities of $409.2m, net assets of $426.9m. It reported 4,052 employees.