Medstar Health Inc

Analysis

Medstar Health Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 1998, 28 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, Medstar Health Inc reported income of $366.7m and spending of $298.9m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $301.7m to $366.7m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medstar Health Inc sits at the 98th percentile: it is larger than about 98% 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 Mount Auburn Hospital ($366.6m), Brockton Hospital Inc ($367.3m) and Suburban Hospital Incorporated ($366.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $17.2m (5.8% of expenses). Other salaries and wages came to $137.2m. It paid $2.8m in professional fundraising fees. At year end it held assets of $3.20bn against liabilities of $2.72bn, net assets of $483.6m. It reported 784 employees.