Martin Memorial Medical Center Inc

Analysis

Martin Memorial Medical Center Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in October 1928, 98 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 December 2019, Martin Memorial Medical Center Inc reported income of $144.8m and spending of $131.3m, spending 91% of its income. Across the 2 years on record, from September 2019 to December 2019, income fell from $599.7m to $144.8m (-76%), an average of -76% a year. The sharpest change came in the year to December 2019, when income dropped by 76%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Martin Memorial Medical Center 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Valley Childrens Medical Group ($144.7m), Adirondack Medical Center ($145.0m) and The Blood Connection Incorporated ($144.4m).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 3.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $417k (0.3% of expenses). Other salaries and wages came to $51.7m. At year end it held assets of $734.6m against liabilities of $413.7m, net assets of $320.9m. It reported 5,313 employees.