Legacy Meridian Park Hospital

Analysis

Legacy Meridian Park Hospital is a registered charity in United States, based in Tualatin, OR. It received its IRS tax-exemption ruling in March 1984, 42 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, Legacy Meridian Park Hospital reported income of $290.0m and spending of $276.0m, spending 95% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $255.5m to $290.0m (+14%), an average of +3.2% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Legacy Meridian Park Hospital sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OR. Charities of a similar size with the same main cause include Beavercreek Medical Center ($290.0m), Sturdy Memorial Hospital ($290.2m) and Baylor Medical Center at Irving ($290.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.8m (0.7% of expenses). Other salaries and wages came to $108.0m. At year end it held assets of $540.0m against liabilities of $36.6m, net assets of $503.5m.