Grays Harbor Community Hospital

Analysis

Grays Harbor Community Hospital is a registered charity in United States, based in Aberdeen, WA. It received its IRS tax-exemption ruling in November 1947, 79 years ago. 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, Grays Harbor Community Hospital reported income of $114.4m and spending of $118.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $106.7m to $114.4m (+7.2%), an average of +1.8% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grays Harbor Community Hospital sits at the 100th 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 WA. Charities of a similar size with the same main cause include Ach Child and Family Services ($113.9m), Harding University ($114.5m) and Association of Public Health Laboratories Inc ($113.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.4m (1.2% of expenses). Other salaries and wages came to $39.6m. At year end it held assets of $64.6m against liabilities of $31.9m, net assets of $32.6m. It reported 537 employees.