Calverthealth Medical Center Inc

Analysis

Calverthealth Medical Center Inc is a registered charity in United States, based in PRNC Frederck, MD. It received its IRS tax-exemption ruling in May 1943, 83 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, Calverthealth Medical Center Inc reported income of $154.5m and spending of $160.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $124.5m to $154.5m (+24%), an average of +5.5% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Calverthealth Medical Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Redington-Fairview General Hospital ($154.5m), Memorial Medical Center Inc ($155.1m) and Trinity Home Health Services ($154.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.9m (3.0% of expenses). Other salaries and wages came to $64.7m. At year end it held assets of $143.3m against liabilities of $86.0m, net assets of $57.3m. It reported 1,295 employees.