Memorial Hospital Foundation Inc
EIN: 521282080 · Easton, MD · NTEE: E110
| Metric | Value |
|---|---|
| Total Revenue | $19.9M |
| Total Expenses | $1.1M |
| Net Assets | $94.6M |
Is Memorial Hospital Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Memorial Hospital Foundation Inc
Memorial Hospital Foundation Inc (EIN: 521282080) is a nonprofit organization based in Easton, MD, classified under NTEE code E110. The organization reported total revenue of $19.9M and total assets of $102.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hospital Foundation Inc is a large nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $95.2M |
| Total Liabilities | $578K |
| Net Assets | $94.6M |
| Operating Margin | 66.6% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 997.1 months |
Financial Health Grade: A
In 2023, Memorial Hospital Foundation Inc reported a surplus of $2.3M with revenue exceeding expenses, holds 997.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memorial Hospital Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +33.7% | +8.6% |
| 2022 | -38.3% | -37.1% | -10.2% |
| 2021 | -17.5% | -59.1% | +20.8% |
| 2020 | +119.0% | -46.4% | +6.2% |
| 2019 | -52.7% | +175.1% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Memorial Hospital Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Memorial Hospital Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about Memorial Hospital Foundation Inc
Is Memorial Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Hospital Foundation Inc (EIN: 521282080) insufficient data. 0 red flags identified, 0 strengths noted.
How does Memorial Hospital Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Memorial Hospital Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Memorial Hospital Foundation Inc tax-deductible?
Memorial Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 521282080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Memorial Hospital Foundation Inc located?
Memorial Hospital Foundation Inc is headquartered in Easton, Maryland and files with the IRS under EIN 521282080. It is classified under NTEE code E110.
How many years of IRS 990 filings does Memorial Hospital Foundation Inc have?
Memorial Hospital Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.9M in total revenue.
Filing History
IRS 990 filing history for Memorial Hospital Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorial Hospital Foundation Inc's revenue has declined by 20.6%, moving from $4.3M to $3.4M. Total assets increased by 65.6% over the same period, from $57.5M to $95.2M. Total functional expenses fell by 20.1%, from $1.4M to $1.1M. In its most recent filing year (2023), Memorial Hospital Foundation Inc reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $578K in liabilities against $95.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $94.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $1.1M | $95.2M | $578K | — | View 990 |
| 2022 | $3.7M | $857K | $87.7M | $582K | — | View 990 |
| 2021 | $5.9M | $1.4M | $97.6M | $334K | — | View 990 |
| 2020 | $7.2M | $3.3M | $80.8M | $677K | — | — |
| 2019 | $3.3M | $6.2M | $76.1M | $497K | — | View 990 |
| 2018 | $6.9M | $2.3M | $79.8M | $473K | — | View 990 |
| 2017 | $5.7M | $8.8M | $75.6M | $408K | — | View 990 |
| 2016 | $4.6M | $2.0M | $75.2M | $259K | — | View 990 |
| 2015 | $9.9M | $1.8M | $77.8M | $266K | — | View 990 |
| 2014 | $6.3M | $2.1M | $72.1M | $437K | — | View 990 |
| 2013 | $2.9M | $2.0M | $63.3M | $650K | — | View 990 |
| 2012 | $4.5M | $1.7M | $57.7M | $712K | — | View 990 |
| 2011 | $4.3M | $1.4M | $57.5M | $784K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $1.1M, and assets of $95.2M (revenue -6.3% year-over-year).
- 2022: Revenue of $3.7M, expenses of $857K, and assets of $87.7M (revenue -38.3% year-over-year).
- 2021: Revenue of $5.9M, expenses of $1.4M, and assets of $97.6M (revenue -17.5% year-over-year).
- 2020: Revenue of $7.2M, expenses of $3.3M, and assets of $80.8M (revenue +119.0% year-over-year).
- 2019: Revenue of $3.3M, expenses of $6.2M, and assets of $76.1M (revenue -52.7% year-over-year).
- 2018: Revenue of $6.9M, expenses of $2.3M, and assets of $79.8M (revenue +21.3% year-over-year).
- 2017: Revenue of $5.7M, expenses of $8.8M, and assets of $75.6M (revenue +24.5% year-over-year).
- 2016: Revenue of $4.6M, expenses of $2.0M, and assets of $75.2M (revenue -53.7% year-over-year).
- 2015: Revenue of $9.9M, expenses of $1.8M, and assets of $77.8M (revenue +57.8% year-over-year).
- 2014: Revenue of $6.3M, expenses of $2.1M, and assets of $72.1M (revenue +118.2% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.0M, and assets of $63.3M (revenue -35.3% year-over-year).
- 2012: Revenue of $4.5M, expenses of $1.7M, and assets of $57.7M (revenue +3.2% year-over-year).
- 2011: Revenue of $4.3M, expenses of $1.4M, and assets of $57.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for Memorial Hospital Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.