Morton Plant Mease Health Care Inc

Analysis

Morton Plant Mease Health Care Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morton Plant Mease Health Care Inc reported income of $44.9m and spending of $44.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $49.4m to $44.9m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morton Plant Mease Health Care Inc sits at the 92nd percentile: it is larger than about 92% 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 Veterans Care Centers of Oregon ($44.9m), Caminar ($44.9m) and Blue Hill Memorial Hospital Inc ($44.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $2.4m (5.3% of expenses). Other salaries and wages came to $16.7m. At year end it held assets of $1.26bn against liabilities of $7.2m, net assets of $1.25bn. It reported 274 employees.