Adventist Healthcare Fort Washington Medical Center Inc

Analysis

Adventist Healthcare Fort Washington Medical Center Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adventist Healthcare Fort Washington Medical Center Inc reported income of $64.4m and spending of $58.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $64.4m (+656%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 504%. 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, Adventist Healthcare Fort Washington Medical Center 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 99th percentile within MD. Charities of a similar size with the same main cause include Wildwood Programs Inc ($64.3m), South Nassau Communites Hospital ($64.4m) and Florida Radiology Imaging at Lake Mary LLC ($64.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.1m (1.9% of expenses). Other salaries and wages came to $24.1m. At year end it held assets of $59.2m against liabilities of $41.0m, net assets of $18.1m.