Hampton Regional Medical Center

Analysis

Hampton Regional Medical Center is a registered charity in United States, based in Varnville, SC. It received its IRS tax-exemption ruling in February 1996, 30 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, Hampton Regional Medical Center reported income of $29.5m and spending of $29.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $23.5m to $29.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2021, when income rose by 31%. 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, Hampton Regional Medical Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Pleasant Ridge Manor ($29.5m), The Lutheran Home Inc ($29.5m) and Springhill Medical Services Inc ($29.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $625k (2.1% of expenses). Other salaries and wages came to $14.3m. At year end it held assets of $59.2m against liabilities of $38.3m, net assets of $21.0m. It reported 375 employees.