HH Medstar Health Inc

Analysis

HH Medstar Health Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, HH Medstar Health Inc reported income of $1.89bn and spending of $1.94bn, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $704.3m to $1.89bn (+169%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HH Medstar Health Inc 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 Bon Secours Richmond Health System ($1.89bn), Sharp Healthcare ($1.90bn) and Childrens Hospital Colorado ($1.88bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $2.5m (0.1% of expenses). Other salaries and wages came to $1.14bn. At year end it held assets of $444.3m against liabilities of $384.0m, net assets of $60.3m. It reported 8,025 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.