Harrison Memorial Hospital

Analysis

Harrison Memorial Hospital is a registered charity in United States, based in Cynthiana, KY. It received its IRS tax-exemption ruling in November 1929, 97 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, Harrison Memorial Hospital reported income of $87.5m and spending of $83.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $63.6m to $87.5m (+38%), an average of +8.3% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Harrison Memorial Hospital 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 KY. Charities of a similar size with the same main cause include Ahf McO of Florida Inc ($87.4m), Texas Health Harris Methodist Hospital Cleburne ($87.7m) and Jewish Home Lifecare Manhattan ($87.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.1m (1.3% of expenses). Other salaries and wages came to $32.7m. At year end it held assets of $81.0m against liabilities of $47.4m, net assets of $33.6m. It reported 670 employees.