Medstar-Georgetown Medical Center Inc

Analysis

Medstar-Georgetown Medical Center Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in June 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Medstar-Georgetown Medical Center Inc reported income of $1.49bn and spending of $1.35bn, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.21bn to $1.49bn (+23%), an average of +5.4% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medstar-Georgetown Medical Center 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 Avera McKennan ($1.49bn), University Health System Inc ($1.50bn) and St Vincent Hospital & Health Care ($1.48bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $5.0m (0.4% of expenses). Other salaries and wages came to $596.1m. At year end it held assets of $1.40bn against liabilities of $203.9m, net assets of $1.19bn. It reported 5,026 employees.