Johnston Memorial Hospital Inc

Analysis

Johnston Memorial Hospital Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in February 1925, 101 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, Johnston Memorial Hospital Inc reported income of $197.1m and spending of $176.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $168.0m to $197.1m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Johnston Memorial Hospital Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Duncan Regional Hospital Inc ($196.4m), Kenmore Mercy Hospital ($197.1m) and Charlotte Hungerford Hospital ($196.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.2m (0.7% of expenses). Other salaries and wages came to $43.8m. At year end it held assets of $302.9m against liabilities of $169.4m, net assets of $133.5m.