Olympic Memorial Hospital

Analysis

Olympic Memorial Hospital is a registered charity in United States, based in Port Angeles, WA. It received its IRS tax-exemption ruling in February 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Olympic Memorial Hospital reported income of $1.3m and spending of $1.4m, spending 109% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income grew from $759k to $1.3m (+74%), an average of +74% a year. The sharpest change came in the year to December 2021, when income rose by 74%. 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, Olympic Memorial Hospital sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Marywood Inc ($1.3m), Aid the Silent ($1.3m) and Empire Center for Public Policy Inc ($1.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $120k (8.4% of expenses). Other salaries and wages came to $85k. At year end it held assets of $333k against liabilities of $56k, net assets of $276k. It reported 2 employees.