Montgomery General Hospital Inc

Analysis

Montgomery General Hospital Inc is a registered charity in United States, based in Columbia, 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, Montgomery General Hospital Inc reported income of $182.3m and spending of $198.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $172.0m to $182.3m (+6.0%), an average of +1.5% 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, Montgomery General Hospital Inc sits at the 97th percentile: it is larger than about 97% 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 Healthpoint ($182.1m), Auburn Community Hospital ($183.1m) and Clinica Sierra Vista ($182.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.3m (1.7% of expenses). Other salaries and wages came to $80.3m. At year end it held assets of $105.9m against liabilities of $23.4m, net assets of $82.4m. It reported 1,173 employees.