Morristown Hamblen Hosp

Analysis

Morristown Hamblen Hosp is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 1957, 69 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, Morristown Hamblen Hosp reported income of $140.1m and spending of $127.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115.5m to $140.1m (+21%), an average of +4.9% a year. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Morristown Hamblen Hosp sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TN. Charities of a similar size with the same main cause include Mymichigan Medical Center Sault ($140.0m), St Marys Hospital Medical Center of Green Bay Inc ($140.1m) and Mercy Health Northwest Arkansas Communities ($140.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $420k (0.3% of expenses). Other salaries and wages came to $39.1m. At year end it held assets of $109.8m against liabilities of $12.6m, net assets of $97.3m. It reported 995 employees.