Mary Washington Healthcare

Analysis

Mary Washington Healthcare is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in February 2004, 22 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 December 2023, Mary Washington Healthcare reported income of $138.2m and spending of $144.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $125.5m to $138.2m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mary Washington Healthcare sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Oklahoma Blood Institute ($138.1m), Proctor Hospital ($138.3m) and Columbus Regional Healthcare System ($138.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $7.0m (4.9% of expenses). Other salaries and wages came to $54.9m. At year end it held assets of $655.2m against liabilities of $132.1m, net assets of $523.1m. It reported 778 employees.