Morehouse Healthcare Inc

Analysis

Morehouse Healthcare Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Morehouse Healthcare Inc reported income of $24.5m and spending of $27.9m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.4m to $24.5m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morehouse Healthcare Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Chop Clinical Associates Inc ($24.5m), Zumbro Valley Health Center Inc ($24.5m) and Nemaha Valley Community Hospital ($24.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13.2m. At year end it held assets of $8.6m against liabilities of $541k, net assets of $8.1m. It reported 131 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.