Lenoir Memorial Hospital Inc

Analysis

Lenoir Memorial Hospital Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lenoir Memorial Hospital Inc reported income of $162.5m and spending of $161.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $137.6m to $162.5m (+18%), an average of +4.2% a year. 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, Lenoir Memorial Hospital Inc 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 100th percentile, and in the 100th percentile within NC. Charities of a similar size with the same main cause include Guardian Foundation Inc ($162.3m), St Joseph Hospital ($162.5m) and Elizabeth Glaser Pediatric AIDS Foundation ($162.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.9m (1.1% of expenses). Other salaries and wages came to $48.9m. At year end it held assets of $175.9m against liabilities of $47.7m, net assets of $128.2m. It reported 1,157 employees.