Washington Hospital Center Corporation

Analysis

Washington Hospital Center Corporation is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 1959, 67 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, Washington Hospital Center Corporation reported income of $1.62bn and spending of $1.55bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.39bn to $1.62bn (+16%), an average of +3.9% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Washington Hospital Center Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. 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 Main Line Hospitals Inc ($1.61bn), Rex Hospital Inc ($1.62bn) and Childrens Hospital Los Angeles ($1.61bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $4.0m (0.3% of expenses). Other salaries and wages came to $580.9m. At year end it held assets of $786.7m against liabilities of $178.2m, net assets of $608.5m. It reported 6,526 employees.