Medical & Dental Staff of Holy Cross Hospital of Silver Spring

Analysis

Medical & Dental Staff of Holy Cross Hospital of Silver Spring is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medical & Dental Staff of Holy Cross Hospital of Silver Spring reported income of $442k and spending of $327k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $442k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical & Dental Staff of Holy Cross Hospital of Silver Spring sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Yoakum Community Hospital Foundation ($442k), Healing Consciousness Foundation ($442k) and Connecting to Care ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $203k (62% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $20k, net assets of $1.1m.