University of Maryland Charles Regional Health Inc

Analysis

University of Maryland Charles Regional Health Inc is a registered charity in United States, based in LA Plata, MD. It received its IRS tax-exemption ruling in October 2000, 26 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, University of Maryland Charles Regional Health Inc reported income of $10.2m and spending of $11.9m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $10.2m (+129%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University of Maryland Charles Regional Health Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Augustana Home of Hastings ($10.2m), Make-A-Wish Foundation of Wisconsin Inc ($10.2m) and Sunshine Community Health Center Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 94% of the total. Other salaries and wages came to $8.8m. At year end it held assets of $24.1m against liabilities of $1.9m, net assets of $22.2m. It reported 98 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.