Hospital Damas Inc

Analysis

Hospital Damas Inc is a registered charity in United States, based in Ponce, PR. It received its IRS tax-exemption ruling in January 1997, 29 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2022, Hospital Damas Inc reported income of $71.9m and spending of $71.8m, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $73.4m to $71.9m (-2.1%), an average of -2.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospital Damas Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PR. Charities of a similar size with the same main cause include Service Coordination Inc ($71.9m), Cato Institute ($71.9m) and Advertising Council Inc ($71.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.1% and program service revenue 90% of the total. Other salaries and wages came to $21.8m. At year end it held assets of $64.3m against liabilities of $20.9m, net assets of $43.5m. It reported 947 employees.