Scotland Memorial Hospital Incorporated

Analysis

Scotland Memorial Hospital Incorporated is a registered charity in United States, based in Laurinburg, NC. It received its IRS tax-exemption ruling in October 1947, 79 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, Scotland Memorial Hospital Incorporated reported income of $273.9m and spending of $244.7m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $192.2m to $273.9m (+42%), an average of +9.3% a year. The sharpest change came in the year to September 2021, when income rose by 15%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Scotland Memorial Hospital Incorporated 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 Yamhill County Care Organization Inc ($273.8m), Central Vermont Medical Center Inc HCSR ($274.1m) and Partners in Health a Nonprofit Corporation ($273.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.3m (0.5% of expenses). Other salaries and wages came to $73.9m. At year end it held assets of $323.1m against liabilities of $88.8m, net assets of $234.3m. It reported 1,564 employees.