Marco Island Hospital Inc

Analysis

Marco Island Hospital Inc is a registered charity in United States, based in Marco Island, FL. It received its IRS tax-exemption ruling in February 1984, 42 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, Marco Island Hospital Inc reported income of $3.9m and spending of $3.5m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $3.9m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to September 2021, when income rose by 121%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marco Island Hospital Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include The Foundation for American Innovation ($3.9m), American Friends of Uhn Inc ($3.9m) and New York Society of Cosmetic Chemists Inc ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $5.0m against liabilities of $467k, net assets of $4.5m. It reported 41 employees.