Shore Health System Inc

Analysis

Shore Health System Inc is a registered charity in United States, based in Linthicum Heights, MD. It received its IRS tax-exemption ruling in April 2004, 22 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, Shore Health System Inc reported income of $298.9m and spending of $278.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $276.3m to $298.9m (+8.2%), an average of +2.0% a year. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Shore Health System Inc 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 Memorial Hospital ($298.6m), Plainview Hospital ($299.5m) and Paulding Medical Center Inc ($298.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.9m (0.7% of expenses). Other salaries and wages came to $85.2m. At year end it held assets of $567.5m against liabilities of $186.4m, net assets of $381.1m. It reported 1,790 employees.