Memorial Hospital Flagler Inc

Analysis

Memorial Hospital Flagler Inc is a registered charity in United States, based in Palm Coast, FL. It received its IRS tax-exemption ruling in October 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 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 2023, Memorial Hospital Flagler Inc reported income of $313.9m and spending of $265.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $239.3m to $313.9m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Memorial Hospital Flagler Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Samaritan Daytop Village Inc ($313.7m), St Johns Riverside Hospital ($314.1m) and Nuvance Health ($313.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.4m (0.5% of expenses). Other salaries and wages came to $57.7m. At year end it held assets of $566.4m against liabilities of $89.0m, net assets of $477.4m. It reported 2,239 employees.