Lucy Webb Haynes National Training School for Deaconesses and Mission

Analysis

Lucy Webb Haynes National Training School for Deaconesses and Mission is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1936, 90 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, Lucy Webb Haynes National Training School for Deaconesses and Mission reported income of $551.3m and spending of $520.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $471.2m to $551.3m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lucy Webb Haynes National Training School for Deaconesses and Mission sits at the 99th 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 West Kendall Baptist Hospital Inc ($551.2m), Reid Hospital & Health Care Services Inc ($551.3m) and Flagstaff Medical Center ($546.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $820k (0.2% of expenses). Other salaries and wages came to $162.5m. At year end it held assets of $1.50bn against liabilities of $362.3m, net assets of $1.14bn. It reported 2,718 employees.