Georgetown Memorial Hospital

Analysis

Georgetown Memorial Hospital is a registered charity in United States, based in Georgetown, SC. It received its IRS tax-exemption ruling in June 1959, 67 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, Georgetown Memorial Hospital reported income of $215.6m and spending of $203.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $182.0m to $215.6m (+18%), an average of +4.3% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Georgetown Memorial Hospital 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 SC. Charities of a similar size with the same main cause include Upmc ($215.6m), Simi Valley Hospital and Health Care Services ($216.1m) and Legacy Mount Hood Medical Center ($215.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.5m (0.7% of expenses). Other salaries and wages came to $64.8m. At year end it held assets of $409.9m against liabilities of $315.3m, net assets of $94.7m.