Essentials Hospitals Institute

Analysis

Essentials Hospitals Institute is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Essentials Hospitals Institute reported income of $2.4m and spending of $4.1m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $2.4m (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essentials Hospitals Institute sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Barstow Senior Citizen Center ($2.4m), Chappelle Gardens Inc ($2.4m) and Society of St Vincent de Paul ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $630k (15% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.0m against liabilities of $838k, net assets of $8.1m.