University of Maryland Medical System Corporation

Analysis

University of Maryland Medical System Corporation is a registered charity in United States, based in Linthicum Heights, MD. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Maryland Medical System Corporation reported income of $2.23bn and spending of $2.15bn, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.75bn to $2.23bn (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 17%. 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, University of Maryland Medical System 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 Southern Baptist Hospital of Florida Inc ($2.22bn), Harvard Pilgrim Health Care Inc ($2.23bn) and Community Health Network Inc ($2.18bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $13.8m (0.6% of expenses). Other salaries and wages came to $843.5m. At year end it held assets of $4.38bn against liabilities of $3.04bn, net assets of $1.34bn. It reported 14,786 employees.