Carroll Hospital Center Inc

Analysis

Carroll Hospital Center Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in October 1990, 36 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, Carroll Hospital Center Inc reported income of $283.9m and spending of $259.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $245.8m to $283.9m (+15%), an average of +3.7% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carroll Hospital Center 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 100th percentile within MD. Charities of a similar size with the same main cause include The Health Care Authority of the City of Anniston ($283.7m), Herbert J Thomas Memorial Hospital Association ($284.3m) and St Joseph Hospital of Nashua NH ($283.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $930k (0.4% of expenses). Other salaries and wages came to $110.0m. At year end it held assets of $401.8m against liabilities of $159.8m, net assets of $242.1m. It reported 1,820 employees.