Caldwell Memorial Hospital Inc

Analysis

Caldwell Memorial Hospital Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in June 1952, 74 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, Caldwell Memorial Hospital Inc reported income of $192.0m and spending of $188.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $154.0m to $192.0m (+25%), an average of +5.7% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caldwell 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 NC. Charities of a similar size with the same main cause include Adventist Health Clearlake Hospital Inc ($191.8m), Baptist Medical Center Beaches ($192.2m) and Healthalliance Hospital Marys Avenue Campus ($191.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $2.4m (1.3% of expenses). Other salaries and wages came to $68.4m. At year end it held assets of $123.3m against liabilities of $45.7m, net assets of $77.6m. It reported 1,195 employees.