Suburban Hospital Foundation Inc

Analysis

Suburban Hospital Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in December 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, Suburban Hospital Foundation Inc reported income of $5.6m and spending of $3.3m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.5m to $5.6m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Suburban Hospital Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include North Central Accountable Community of Health ($5.6m), Florence County Commission on Alcohol and Drug Abuse ($5.6m) and Childrens Medical Research Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $612k. At year end it held assets of $30.5m against liabilities of $152k, net assets of $30.3m. It reported 8 employees.