Mennonite General Hospital Inc

Analysis

Mennonite General Hospital Inc is a registered charity in United States, based in Aibonito, PR. It received its IRS tax-exemption ruling in November 1977, 49 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 March 2023, Mennonite General Hospital Inc reported income of $344.6m and spending of $269.7m, leaving 22% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $218.5m to $344.6m (+58%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 26%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mennonite General Hospital 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 PR. Charities of a similar size with the same main cause include Touro Infirmary ($342.3m), Valley View Hospital Association ($345.5m) and Lawrence General Hospital ($340.8m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 83% of the total. Compensation of current officers, directors and key employees was $5.2m (1.9% of expenses). Other salaries and wages came to $59.5m. At year end it held assets of $720.1m against liabilities of $179.9m, net assets of $540.3m. It reported 2,414 employees.