Mariners Hospital Inc

Analysis

Mariners Hospital Inc is a registered charity in United States, based in Tavernier, FL. It received its IRS tax-exemption ruling in May 1980, 46 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, Mariners Hospital Inc reported income of $105.1m and spending of $85.5m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $93.2m to $105.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mariners Hospital Inc sits at the 95th percentile: it is larger than about 95% 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 Alice Peck Day Memorial Hospital ($105.0m), Bhmc-Conway ($105.5m) and Sports Physicaltherapy Occupational Therapy and Rehabilitation Service ($105.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $375k (0.4% of expenses). Other salaries and wages came to $20.8m. At year end it held assets of $55.9m against liabilities of $23.3m, net assets of $32.6m. It reported 303 employees.