Hospital Menonita Humacao Inc

Analysis

Hospital Menonita Humacao Inc is a registered charity in United States, based in Humacao, PR. It received its IRS tax-exemption ruling in September 2022, 4 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, Hospital Menonita Humacao Inc reported income of $54.3m and spending of $36.5m, leaving 33% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income grew from $42.1m to $54.3m (+29%), an average of +29% a year. The sharpest change came in the year to March 2023, when income rose by 29%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hospital Menonita Humacao Inc sits at the 93rd percentile: it is larger than about 93% of them. 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 Pleasant Valley Hospital Inc ($54.3m), Esperanza Health Centers ($54.4m) and Eger Health Care and Rehabilitation Center ($54.2m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $785k (2.2% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $66.7m against liabilities of $8.8m, net assets of $57.9m. It reported 319 employees.