Sarah Herzog Memorial Hospital

Analysis

Sarah Herzog Memorial Hospital is a registered charity in United States, based in Israel. It received its IRS tax-exemption ruling in February 2001, 25 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).

In the financial year ending December 2023, Sarah Herzog Memorial Hospital reported income of $74.7m and spending of $53.1m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $61.5m to $74.7m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sarah Herzog Memorial Hospital sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include Black River Health Inc ($74.6m), Promedica Continuum Services ($74.8m) and St Joseph Medical Group ($74.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 83% of the total. Other salaries and wages came to $36.7m. At year end it held assets of $232.5m against liabilities of $53.9m, net assets of $178.7m. It reported 710 employees.