Moses H Cone Memorial Hospital

Analysis

Moses H Cone Memorial Hospital is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1938, 88 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 September 2023, Moses H Cone Memorial Hospital reported income of $48.4m and spending of $115.8m, spending 239% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $91.1m to $48.4m (-47%), an average of -15% a year. The sharpest change came in the year to September 2020, when income rose by 110%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Moses H Cone Memorial Hospital sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include University at Buffalo Neurosurgery Inc ($48.3m), City of Philadelphia Ttee Administering Wills Eye Institute ($48.4m) and Fair Haven Community Health Clinic Inc ($48.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 172% of the total. Compensation of current officers, directors and key employees was $1.2m (1.0% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $1.99bn against liabilities of $1.46bn, net assets of $529.9m. It reported 301 employees.