Greater Baltimore Medical Center

Analysis

Greater Baltimore Medical Center is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in November 1996, 30 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, Greater Baltimore Medical Center reported income of $624.7m and spending of $627.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $538.1m to $624.7m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Baltimore Medical Center sits at the 99th percentile: it is larger than about 99% 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 Concord Hospital Inc ($623.5m), Saint Agnes Medical Center ($624.8m) and San Joaquin Community Hospital ($621.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $9.6m (1.5% of expenses). Other salaries and wages came to $283.2m. At year end it held assets of $837.0m against liabilities of $422.8m, net assets of $414.2m. It reported 4,745 employees.