Morristown-Hamblen Hospital

Analysis

Morristown-Hamblen Hospital is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morristown-Hamblen Hospital reported income of $240k and spending of $610k, spending 254% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $240k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 78% 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 Hospital sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Transplant & Donor Advocacy Network ($240k), Taylor Hagen Memorial Inc ($240k) and Every Child ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $1.7m against liabilities of $7,956, net assets of $1.7m.