Suburban Hospital Incorporated

Analysis

Suburban Hospital Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1945, 81 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, Suburban Hospital Incorporated reported income of $366.4m and spending of $377.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $331.2m to $366.4m (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2022, 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, Suburban Hospital Incorporated 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 Thedacare Inc ($365.6m), Mount Auburn Hospital ($366.6m) and Elkhart General Hospital Inc ($365.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 95% of the total. Other salaries and wages came to $141.5m. At year end it held assets of $660.6m against liabilities of $180.4m, net assets of $480.2m. It reported 2,376 employees.