Fletcher Hospital Inc

Analysis

Fletcher Hospital Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in July 1953, 73 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 December 2023, Fletcher Hospital Inc reported income of $289.7m and spending of $266.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222.8m to $289.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fletcher 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 NC. Charities of a similar size with the same main cause include East Tennessee Childrens Hospital Association Inc ($289.2m), Texas Health Presbyterian Hospital Denton ($289.9m) and Mercy Hospital ($288.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $4.6m (1.7% of expenses). Other salaries and wages came to $97.0m. At year end it held assets of $281.9m against liabilities of $61.7m, net assets of $220.2m. It reported 1,701 employees.