Memorial Hospital Foundation Inc

Analysis

Memorial Hospital Foundation Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in December 1983, 43 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 June 2023, Memorial Hospital Foundation Inc reported income of $3.4m and spending of $1.1m, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.4m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to June 2020, when income rose by 119%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include American Institute for Respiratory Equity ($3.4m), Dupage Health Coalition ($3.4m) and Alpha Connection Youth & Family Services ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $305k. At year end it held assets of $95.2m against liabilities of $578k, net assets of $94.6m. It reported 2 employees.