Merrick Medical Center

Analysis

Merrick Medical Center is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in June 2017, 9 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, Merrick Medical Center reported income of $26.8m and spending of $24.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.3m to $26.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Merrick Medical Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include Faith Hospice ($26.8m), Charles T Sitrin Health Care Center Inc ($26.8m) and Family Health Council of Central Pa Inc ($26.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $732k (3.0% of expenses). Other salaries and wages came to $9.6m. At year end it held assets of $42.5m against liabilities of $20.4m, net assets of $22.1m. It reported 149 employees.